Digital banking platform Omnio Group has reportedly raised €15m in the first close of a private placement.
The FinTech has issued 23,077 shares at a subscription price of €650 a piece, according to a report from UK Tech News.
Support for the round came from several new institutional investors, family offices and angel investors from across Europe, the article claims. There was particularly high interest form the Nordics.
The FinTech is hoping to increase the fundraise to €25m by the end of the month, it said.
Proceeds of the investment will be used to deepen its sales force, support compliance and risk management, make product developments and finance a pending acquisition. Funds will also be set aside for working capital needs.
Omnio is a digital banking platform which provides more than 300 companies with banking and payment processes. Its technology helps financial institutions implement a variety of services such as current accounts, saving, loans, mortgage accounts, payments, payroll, corporate expenses, compensation payouts and more.
The FinTech teamed up with Token.io to enable financial institutions to access to open banking capabilities.
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