Core10 secures $3.5m in Series A funding led by FINTOP

FinTech software developer Core10 has secured $3.5m in its Series A funding round led by FINTOP Capital.

Other backers to the round included West Virginia Jobs Investment Trust and a selection of West Virginia-based angels.

US-based Core10 develops financial infrastructure for the banking, alternative finance, insurance, and retail sectors, among others. Core10 works with a business to build and design FinTech software for their needs.

The company is aiming to create 250 new technology jobs by the end of 2020, with the majority in West Virginia.

This capital line will be used to expand its sales efforts across the US, as well as hiring new staff to its Nashville, southeastern Ohio, eastern Kentucky, and West Virginia software development teams.

FINTOP Capital managing partner Joe Maxwell said, ?As experts, we have keen insight into the modernization of financial technology in today economy, one we recognize that Core10 is incredibly well positioned to leverage.

?Their commitment to hereshoring helps better protect the integrity of our financial data and intellectual property. As a native of West Virginia, I embrace the much-needed conversion of resource-based economies into knowledge economies.p>

The infrastructure and enterprise software sector was dominated by the North American market, last year. During 2016, North America received the most amount of capital in each quarter and raised $634.2m more than the rest of the world combined.

Copyright ? 2017 FinTech Global

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