(22 March 2021 – United Kingdom) London-based banking Financial Technology (FinTech) company ‘Pollinate’ has secured a US$50 million investment to launch in the United States (US) market. The company specialises in developing software for business banking services.
This series-C funding round was supported by the global venture capital firm Insight Partners and supported by existing investors such as NatWest, MasterCard, National Australia Bank (NAB), EFM Asset Management and Motive Partners.
Pollinate is already in discussions with a number of banks in the US market and plans to expand its white labelled market offering solutions.
“Access to capital, intuitive banking services and a broad ecosystem of value-added solutions and partners are critical to the journey of a small business owner. It is our passion to work with leading banks and dynamic merchants around the world” commented Pollinate CEO, Alastair Lukies
“This investment round, led by the outstanding team at Insight Partners and supported by our existing shareholders, validates our mission, and is a statement of confidence in the banks – that they can fight back against new entrants and win, all while supporting the vital work of Small and Medium Enterprises (SMEs)” he also added.