Integrated Finance raises £2 mn to transform tech development
By Joy Dumasia
Integrated Finance announces that it has raised £2 million in Seed funding. The round was led by Octopus Ventures, one of Europe’s most active early-stage VCs, with participation from 500 Startups, SuperSeed Ventures, and prominent Angels Chris Adelsbach, Srin Madipalli, and John Erdimansinga.
The investment will significantly increase the company’s product and engineering teams to further develop its platform, alongside building its commercial team to support the growth of new and existing customers.
The Integrated Finance platform gives FinTech companies and financial institutions of all sizes access to the same economic infrastructure used by the world’s largest companies. The infrastructure APIs that Integrate Finance provides help developers at FinTech startups and big banks alike build embedded financial services at greatly reduced speeds, enabling them to drive far more value from their existing technology and their customer base.
Alistair Cotton, CEO & Co-Founder of Integrated Finance, said: “As software rapidly changes how financial services are delivered, businesses are now confronted with an ever-expanding digital financial supply chain they can use to adapt to changing customer requirements. The Integrated Finance platform allows FinTechs to speed up innovation by simplifying connections to all of their banks and suppliers to a single API.”
Zihao Xu, Principal at Octopus Ventures, commented: “Companies work best when they focus on what makes them special, and those that leverage Integrated Finance will have a huge advantage when it comes to focusing on their core innovations. We’re hugely excited to back Integrated Finance on this journey. They’ve already proven they can help customers dramatically bring forward new product launches, and we can’t wait to see them bring this to the wider ecosystem and help accelerate the world towards a future of rich and delightful financial experiences for everyone.”
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January 28, 2022
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