Integrated Finance, a FinTech infrastructure platform, has netted ?2m in its seed funding round, which will bolster its platform development.
Octopus Ventures, a European venture firm focused on early-stage investment, served as the lead investor to the round. Other commitments came from 500 Start-Ups, SuperSeed Ventures as well prominent as angel backers Chris Adelsbach, Srin Madipalli and Jon Edirmanasinghe.
With the capital injection, the FinTech company is looking to bolster the development of its platform, grow its customer base and strengthen its commercial team.
The FinTech company was created by a group of four friends that wished to solve the rising problem of integrating and stitching APIs from different banks, FinTechs and RegTechs. The team wished to build a platform with pre-built integrations that could reduce time spend connecting FinTechs and partners.
Its platform helps FinTechs and financial institutions to build embedded financial services quickly and easily build new products.
Integrated Finance CEO and co-founder Alistair Cotton said, ?As software rapidly changes how financial services are delivered, businesses are now confronted with an ever-expanding digital financial supply chain they can use to adapt to changing customer requirements. The Integrated Finance platform allows FinTechs to speed up innovation, by simplifying connections to all of their banks and suppliers to a single API.p>
The company recently teamed up with Currencycloud, a provider of cross-border payments software.
Currencycloud director of partnerships Richard Stockley, at said: ?Partnering with Integrated Finance has strengthened our ecosystem and expanded the offering for our customers. We are excited to be part of Integrated Finance platform providing customers easy integration to financial infrastructure and accelerating time to value. We at Currencycloud are thrilled to be part of this milestone for Integrated Finance and look forward to a bright future together.p>
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