LemonEdge secures $2.5 million in funding led by Sidekick Partners
By Megha Bhattacharya
London-based FinTech LemonEdge (formerly LemonTree Software), has secured funding of $2.5 million USD in a heavily oversubscribed fundraising round led by Sidekick Partners. Sidekick Partners is joined in this round by investors Tikhon Bernstam, founder of Parse and Scribd, and Lauren Iaslovits, founder of Investran.
Gareth Hewitt, Co-Founder and CEO of LemonEdge, commented, “We are pleased to have completed a highly successful funding round, and to have the support of such well-renowned investors. For more than 20 years, I’ve seen an astonishing amount of financial data inside legacy applications or spreadsheets that do not communicate and that are insecure. LemonEdge’s low-code platform delivers the next generation of private equity performance and accounting software, without dependence on workarounds. LemonEdge is 10x faster to develop and deploy, and it is scalable, adaptable, and secure.”
LemonEdge enables firms in the private equity and financial services industries to digitise complex accounting. The FinTech’s low code platform is fully customisable and automates the complex and time-consuming tasks required for shadow accounting, LP specific performance calculations, and fund administration. The platform also enables real-time scenario modelling with its Canvas function.
Jamie Nascimento, Co-Founder and CCO of LemonEdge, added, “We drive informed decision-making with the future of tailored and complete accounting solutions. Our product is best-in-class, and we are focused on building the best possible team to help grow LemonEdge. Our customers are the next generation of financial services professionals who have grown up in an ever-smarter and more connected world – they expect solutions which not only match their needs, but empower their capabilities.”
IBSi Daily News Analysis
March 01, 2024
Banking Sector and regulatory framework: addressing India’s growing demand for secure lockersRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage