PeerNova adds $31m to its coffers in new growth funding round led by Mosaik Partners

US-based FinTech scaleup PeerNova has completed a new growth investment round, adding $31m to its war chest.

The business has now raised a total of $74m.

Existing investor, Mosaik Partners led the new investment. The venture capital firm has previously supported companies like Payveris and Zeguro.

“We are excited to lead this growth round to bring PeerNova’s extraordinarily high-value solutions to financial institutions globally,” said Howard Mergelkamp, managing partner at Mosaik Partners. investor Medici Ventures and Intuitive Venture Partners also participated, having supported PeerNova in the past.

“We are very excited to announce this round of funding,” said Gangesh Ganesan, president and CEO of PeerNova. “We are committed to further building our unique solution that solves relevant, timely, and pertinent problems that plague data and process integrity in the financial industry. We will use this round of financing to continue our mission, increase market penetration, and extend the functionality and use cases of our Cuneiform PlatformTM.”

Founded in 2013, PeerNova is set up to solve many of the pain points experienced by financial institutions.

For instance, its Cuneiform Platform enables financial institutions to attain end-to-end digitization by unifying disparate sources of data and lifecycle events. The Platform allows financial institutions to perpetually synchronize their data across multiple internal and external systems thereby guaranteeing data and process integrity to simplify reconciliation, automate exception processing, and provide greater end-to-end operational visibility across workflows in real-time.

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