Fennech Financial, the innovative leader in the FinTech sector, has recently announced a successful investment round that brought in £2.3m.
The funding round was spearheaded by Lloyds Banking Group, contributing a significant £2m, and several prominent individual investors.
Specialising in digital corporate banking and treasury, Fennech Financial has demonstrated consistent growth and dedication to delivering unique financial solutions. With this latest round of funding, the company is set to expedite product development, expand its workforce, and further establish its place as a dominant player in the FinTech landscape.
Fennech Financial has developed a cutting-edge corporate banking platform that delivers real-time hyper-automation of finance, treasury, and payment solutions. Utilising advanced technologies such as AI and machine learning within a cloud-based system, Fennech serves as a liaison between businesses and the banking sector.
The autonomous platform provides customers with a unified platform for managing their accounts, payments, funding, and liquidity across various banking partners worldwide, effectively streamlining financial and treasury operations.
The fresh capital will be instrumental in accelerating Fennech’s product development, expanding its team, and fortifying its position in the FinTech industry. This funding underscores Fennech’s commitment to innovation, growth, and customer satisfaction.
In addition to the financial details, the company expressed its gratitude to both new and existing investors for their ongoing support. This recent funding plays a crucial role in driving growth, sparking innovation, and enhancing customer satisfaction.
Fennech CEO Emmanuel De Rességuier said, “We are thrilled to partner with Lloyds Banking Group on this important fundraising round. With this new funding, Fennech is well-positioned to continue its growth and success. Equally, I want to take this opportunity to express my sincere gratitude to the past investors who have been there for us and are still here with us”.
Kirsty Rutter, director of FinTech Investment at Lloyds Banking Group, added, “Our investment in Fennech forms part of our commitment to supporting the fintech ecosystem in the UK and expanding our client capabilities through the use of cutting-edge technology.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global