Irish FinTech company Stanhope Financial Group has received an excess of $10m for its Series A funding round.
Gate Ventures led the investment round.
Capital from the round will help Stanhope develop product offerings, bolster its management team, increase its market share and prepare for the launch of its upcoming affiliate digital assets division, SH Digital.
The FinTech company claims to have experienced strong growth since it launched operations in October 2021.
Its SH Payments division, which is licensed as an electronic money institution, provides banking services to efficiently send and receive money globally, including FX, multi-currency accounts and innovative payment solutions.
Its SH Capital division, which is licensed in the DIFC, Dubai, allows institutions and family offices to game access to premium global investment products across all capital markets. Finally, its SH Digital solution offers cryptocurrency liquidity and trading services.
Stanhope Financial Group CEO Kevin von Neuschatz said, “Our suite of Tier 1 banking services has been specifically designed and developed to enable ambitious businesses to make faster, more effective payments, access investment products, and embrace digital trading with complete confidence.
“For too long, fast-growing SMEs have been overlooked by the established banks and institutions and we’re here to change that. This major funding round will go directly towards expanding our expertise, developing new products, and offering companies access to all the services they need to thrive, but have been denied.”
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