Finbourne secures £30m debt facility with Kreos Capital

By Gloria Methri

Finbourne Technology has announced its partnership with debt provider Kreos Capital, to secure up to a £30 million debt facility. The funding forms an extension to Finbourne’s Series A round which occurred in April 2021.

The partnership with Kreos Capital strengthens Finbourne’s capital structure, enabling it to meet growth plans and respond to market opportunities, as it looks to expand its global footprint.

Finbourne will leverage the debt facility to grow its value proposition beyond its investment management origins and into banking and capital markets, while also building up global capacity and capability across the business.

Finbourne was founded in 2016 with the mission to reduce the cost of investing and improve efficiency, transparency, and trust in capital markets.

Commenting on the partnership, Tim Fenwick, Principal at Kreos Capital commented, “We are pleased to partner with Finbourne at this exciting time in its growth journey. Together with a strong balance sheet and pipeline, we are confident that our investment will further fuel Finbourne’s strategy and execution, as it widens the net and delivers change-ready technology and data management tools, critical to supporting global financial institutions in this fast-moving economic landscape.”

Thomas McHugh, CEO, and Co-Founder at Finbourne Technology, added, “The partnership with Kreos Capital is a vote of confidence for Finbourne and our growth plans. Their support and experience in working with high-growth companies will be critical in our onward success.”

He further said, “In six years, we have shown that we can help eliminate the risk associated with traditional operational transformation and at the same time addressed growing costs so that firms can win back margins and productivity. As we continue to pursue a global remit, we are committed to setting a high standard in the market, not only through the continued provision of deep technology but also by investing in our domain expertise, skills, and knowledge, supporting our clients with the best talent in the market