The leading provider of digital banking technology solutions for the largest banks of the world, Meniga has announced that the fintech firm has raised £7.6mn (€8.5mn) in a strategic investment funding round.
The fintech news community features that this funding round was led by customers Groupe BPCE, UniCredit, and Portugal’s Grupo Crédito Agrícola, the largest banking group in France.
The round also witnessed participation from the current institutional investors Velocity Group, Industrifonden & Frumtak Ventures.
The fintech firm offers an innovative digital banking platform that gives fintech organizations and banks the ability to direct their focus towards making improvements in the customer experience that they provide to more than 90 million users of digital banking spread across 30 nations and countries.
The fintech news was also given the reports that the firm will be seen using this freshly acquired funding to continue investing in the Research and Development activities of the company.
The fintech firm will also be utilizing this new investment for providing additional strength to the service and sales teams of the organization for serving the purpose of meeting growing demand.
Georg Ludvuksson, the CEO and co-founder of Meniga commenting on the funding stated that this new act of partnering up with the customers of the firm is an integral part of the strategy of the company for becoming the preferred innovation partner to all its clients.
Georg further added that having an equity relationship with the partners is quite an effective and excellent way of strengthening these alliances. The company displays gratitude and appreciation for getting the constant vote of confidence as well as for witnessing growth in the business of the firm with its impressive global customer base.
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Chandrima Samanta, Content-Editor, FintecBuzz
Chandrima is a Content management executive with a flair for creating high quality content irrespective of genre. She believes in crafting stories irrespective of genre and bringing them to a creative form. Prior to working for Hrtech Cube she was a Business Analyst with Capgemini.
