Lloyds Invests €3 million in Enigio to Accelerate Digital Trade Documentation
(18 September 2023 – United Kingdom) Lloyds has invested €3 million in Enigio to speed up digital documentation in trade.
The €3 million investment will allow Enigio to expand its bespoke solution, which removes the need to physically transfer paper documentation within trade transactions. The investment will enable Enigio to continue to grow and provide businesses with a faster, more affordable and secure way to digitise physical original documents, for example, promissory notes, bills of exchange, and bills of lading.
This is the latest strategic investment made by the Group’s Fintech Investment team, with a continued focus by the team in 2023 on identifying and investing in businesses that can drive strategic growth for Lloyds Banking Group and also provide technology solutions for customers and clients.
“Our belief in Enigio’s innovative technology and potential drives our commitment to help them become the standard solution in digital, authoritative, and original documentation for industries worldwide. We are really looking forward to working with them more closely, and seeing how else this partnership can benefit Lloyds Banking Group clients” commented Lloyds Director of Fintech Investment, Kirsty Rutter.