Fennech Financial, a London, UK-based company that delivers an intelligent automation platform for finance, treasury, and payment solutions, raised £2.3 million in its latest round of funding.
The round was led by Lloyds Banking Group, which contributed a substantial £2 million, alongside some high-profile individual investors.
This investment underscores Fennech Financial’s continued growth and commitment to delivering innovative financial solutions for its clients. With this new funding, Fennech Financial will be able to accelerate its product development, expand its team, and further establish itself as a leader in the fintech industry.
Emmanuel De Rességuier, CEO of Fennech, said: “We are thrilled to partner with Lloyds Banking Group on this important fundraising round. As a leading provider of financial services to businesses and individuals in the UK, their investment in Fennech is a testament to the strength of our business and our team, as much as a testament to their willingness to further help their client base thanks to strategic technology and digitalisation. With this new funding, Fennech is well-positioned to continue its growth and success. We are extremely grateful for the support of Lloyds Banking Group. I would also like to thank and warmly welcome, on behalf of the team, our new Individual investors that joined this fundraising round for their trust and support. Equally, I want to take this opportunity to express my sincere gratitude to the past investors who have been there for us and are still here with us”.
Company: Fennech Financial Ltd.
Raised: £2.3M
Round: Unknown
Funding Month: June 2023
Lead Investors: Lloyds Banking Group
Additional Investors:
Company Website: https://www.fennech.com/
Software Category: Corporate Banking Platform
About the Company: Fennech is a next-generation corporate banking platform delivering real-time hyper-automation of finance, treasury, and payment solutions. Utilizing artificial intelligence (AI), machine learning, and predefined business rules within a cloud-based system, Fennech streamlines financial, treasury, and payment operations for businesses and financial institutions in real time. Acting as an intermediary between businesses and the banking sector, its autonomous platform provides customers with a unified, single platform to automate and manage their accounts, payments, funding, and liquidity across a diverse range of banking partners globally.
Source: https://www.fennech.com/fennech-secures-new-investments-led-by-lloyds-banking-group/