Constantinople, a Sydney, Australia-based all-in-one software and operational platform for banks, raised A$32 million in seed funding.
The round was led by Square Peg, with participation from AirTree Ventures and Great Southern Bank. This investment marks Square Peg's largest seed investment to date and represents Australia's largest seed round ever.
The funding will be utilized to support the company’s mission to build a complete software and operating platform for banks around the world.
The company aims to establish a new category of software-as-a-service that simplifies bank operations. Constantinople’s platform offers a complete software and operating solution, automating and managing critical but undifferentiated aspects of banking, such as infrastructure, servicing, operations, and compliance.
By abstracting away operational complexity, Constantinople allows banks to focus on their core business and deliver value to customers.
Company: Constantinople Operating Company Pty Ltd
Raised: A$32.0M
Round: Seed Round
Funding Month: May 2023
Lead Investors: Square Peg
Additional Investors: AirTree Ventures and Great Southern Bank
Company Website: https://www.cxnpl.com/
Software Category: Banking Software
About the Company: Constantinople is the first of its kind: an all-in-one software and operational platform for banks. Constantinople's platform supports both retail and business banking, offering a suite of products including mobile and web apps, transaction and savings accounts, payments, debit and credit cards, as well as various secured and unsecured lending products. In addition to consumer-facing products, Constantinople provides underlying operational services such as onboarding and KYC, AML, fraud prevention, payments and lending operations, regulatory reporting, and customer service.
Source: https://www.squarepegcap.com/blog/investment-notes-constantinople