Finboot, a leading provider in the supply chain technology sector, is proud to announce the successful first close of its latest funding round.
This significant financial milestone is aimed at propelling the company into its next phase of growth, with a sharp focus on aiding companies to achieve their net-zero transitions through innovative technology solutions.
The round was spearheaded by a strategic investor and supported by Wealth Club, marking a pivotal moment in Finboot’s journey. Together, these investors bring not only capital but also a wealth of experience and resources that will undoubtedly accelerate Finboot’s mission.
At its core, Finboot is revolutionizing the way companies undertake their digital transformation journeys. Through its cutting-edge blockchain technology, Finboot enables businesses to enhance transparency, traceability, and compliance within their value and supply chains. This advancement is particularly crucial for meeting the stringent demands of sustainability and environmental, social, and governance (ESG) criteria, all while boosting operational efficiency.
The funds raised in this round are earmarked for a very specific purpose: to advance Finboot’s proprietary solution, MARCO. This platform is designed to make the incorporation of blockchain technology within supply and value chains seamless, thereby enabling businesses to meet their ESG goals, track carbon emissions effectively, and ensure overall compliance with evolving global regulations.
Wealth Club, the UK’s premier investment service catering to high net worth individuals, played a vital role in this investment round. Their participation underscores the commercial viability and the impactful mission of Finboot, setting the stage for sustainable and attractive returns for investors.
Finboot’s Executive Chair and Co-Founder, Nish Kotecha, expressed his enthusiasm for the investment: “The investment by a strategic investor who has tried, tested and implemented our technology and Wealth Club is a huge vote of confidence in the Finboot team, our strategy and our technology proposition – our no-code / low-code platform, MARCO. Finboot is bringing the next generation of supply chain tracking solutions to market which will enable large businesses to comply with current and future ESG regulations across the globe and enabling their net-zero transition.”
Gayle Bowen, Director – Direct Investments at Wealth Club, also shared her insights: “We selected this investment in Finboot, as it meets our guiding principles of investing in commercially compelling companies whose missions have merit and which can deliver sustainable and attractive returns to our investors.”
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