Software Group, a prominent global provider of technology solutions for the finance sector, has successfully secured a substantial investment to bolster its growth and innovation.
The combined investment of up to €9.5m comes from INVENIO Partners and PostScriptum Ventures. INVENIO Partners has committed up to €6m, while PostScriptum Ventures, an existing investor, contributes an additional €3.5m. This funding is a testament to the confidence these investors have in Software Group’s potential and future prospects.
Established in 2009, Software Group has carved out a niche in the $100bn digital financial services industry. The company boasts an impressive clientele, including over 200 banks, government bodies, central banks, telecoms, FinTechs, and other financial institutions spanning more than 70 countries. Its leading product, DigiWave, is an award-winning digital banking platform, accompanied by a suite of prebuilt solutions designed to enhance the digital financial ecosystem.
The fresh injection of funds is earmarked for furthering Software Group’s mission to revolutionize the financial services industry. The investment will not only provide financial support but also strengthen the company’s market position, bolster its growth strategy, and enable it to continue innovating in digital banking and public services.
Elvin Guri, CEO of INVENIO Partners, highlighted the significance of this investment, stating, “Taking place at an inflection point for the company, this investment reflects our confidence in Software Group’s potential. We are excited to support their journey towards further global expansion and digital innovation.”
Kalin Radev, CEO of Software Group, expressed gratitude for the partnership. They said, “We are immensely grateful for this partnership with INVENIO Partners and the continued support from PostScriptum Ventures. Their investment will enable us to enhance our product offerings and extend our market reach, reinforcing our commitment to driving digital transformation in emerging markets.”
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