DMALINK, a renowned name in the FinTech realm, recently celebrated a significant milestone. The firm successfully concluded its crowdfunding campaign on the Seedrs platform, raising an impressive £437,404, a feat even more commendable considering it exceeded their initial target of £425,010.
The campaign was an opportunity for investors to be part of DMALINK’s promising journey. With a pre-money valuation of £17.3m, the company offered an equity of 2.47% at a share price of £24.02. The funding round saw participation from a diverse group, accumulating 150 investors.
This financial injection comes at a pivotal moment for DMALINK. Known for creating an open and efficient currency market for banks, funds, and corporations, the firm has been on an upward trajectory since the release of their advanced tech stack in Q4 ’22. This success is further solidified by monthly transaction volumes consistently surpassing the $8bn mark.
The company’s management pedigree, with backgrounds from financial stalwarts like Lloyds, Barclays, and the Royal Bank of Scotland, coupled with strategic partnerships including giants such as Nomura Bank and Credit Agricole, has reinforced investor confidence.
The funds acquired through Seedrs will likely bolster DMALINK’s ongoing projects and fortify its position in the rapidly evolving FinTech space.
For the latest insights in the FinTech sector, explore FinTech news here.
Copyright © 2023 FinTech Global
