Fabacus, a software-as-a-service platform for the licensing industry, has raised £4.5m from an investment round led by WealthClub.
WealthClub’s original allocation of £500,000 was quickly filled in just five days, and the additional £1.85m raised was due to unprecedented client demand to invest.
Fabacus’ platform, Xelacore, bridges the flow of licensed product sales reporting information and the data flow between licensor, licensee and end-user. This unlocks new capabilities assisting with consumer engagement initiatives, as well as provides robust data capture and structuring to meet increasingly stringent ESG reporting requirements.
Fabacus has spent the last three years aligning the licensing industry on better practice and smarter collaboration, with an architecture built to enable all stakeholders to benefit from economies of scale.
With significant growth and revenues expected in the next 12 months, the capital from this latest round will bolster the balance sheet and team, allowing the Company to accelerate faster.
Fabacus CEO and founder Andrew Xeni said, “Thank you to Wealth Club and all the investors who participated, we are now set and secure for this exciting next phase. The team at Wealth Club have been amazing, consistently demonstrating incredible professionalism and efficiency throughout the entire process. They successfully raised over £2.35m for us in under 8 weeks following a seamless and thorough due diligence process, delivered through two tranches, after the overperformance of the initial raise where they smashed the targets.
“Equally impressive was their swift understanding of the complex nature of our business and the intricacies of how our solution solves the deeply embedded challenges of the £300Bn+ licensing industry. We would highly recommend WealthClub to any business seeking capital, as well as to any individual seeking investment opportunities that are procured and presented through a trusted process and platform”.
Pliant, a German B2B credit card FinTech, has raised $28m in a Series A round headed by investor SBI Investment.
Copyright © 2023 FinTech Global
