Nemuru secures €2.6 mn in funding round led by InnoCells and Bankia FinTech Venture

By Megha Bhattacharya

Spain-based multi-FinTech platform, Nemuru has launched a new funding round with the participation of national and international investors including Banco Sabadell’s corporate venture vehicle InnoCells, Bankia FinTech Venture as well as renewed commitment from Antai Venture Builder, Encomenda, Lánzame and the rest of their partners. International investors such as Plug and Play (US) and Scale Lab Andorra have also participated in the funding round.

The pre-Series A round is expected to help Nemuru to scale its business model in Spain, start its internationalisation process, strengthen its team and launch new products.

Pol Navarro, Managing Director of InnoCells, stated, “Our commitment to Nemuru’s technology platform reinforces Banco Sabadell’s commitment to offering the best customer experience at the point of sale, in multiple activity sectors.”

Ignacio Cea, Corporate Director of Innovation and Cybersecurity at Bankia, commented, “Supporting a startup like Nemuru reflects our commitment to promoting an innovative culture and developing new services for customers.”

Nemuru allows companies and service sales professionals to offer financing channels of up to €30,000 immediately and flexibly to their customers in less than three minutes and through mobile phones, helping them to scale up their business thanks to the possibility of closing more sales with higher average amounts.

“Having the support of InnoCells, Bankia FinTech Venture and other leading investors reinforces our commitment to universalise in-store financing in a responsible manner. It is also a catalyst that will allow us to continue with a solid present and a very promising future: strengthening the quality of the product and technology and having a stronger market introduction through investment in marketing and the integration of new financial partners in the platform”, said Pere Monràs, CEO and co-founder of Nemuru.