Transigo, a Fintech company provider of SaaS software that enables cross-border B2B marketplaces to provide point-of-sale financing to its buyers, announced that it raised up to $70 million in funding.

The round was led by Israeli firms E.N. Shoham Business Ltd. and Nawi Brothers that will allow the company to expand its point-of-sale (POS) platform to major B2B marketplaces in Asia in Q1 of 2022. 

Transigo is planning to raise another $250 million in the first half of 2022, which will allow the company to integrate across more sectors and geographies. 

Company: Transigo, Ltd. 

Raised: $70.0M

Round: unknown

Funding Month: December 2021

Lead Investors: Israeli firms E.N. Shoham Business Ltd. and Nawi Brothers

Additional Investors: 

Company Website: https://www.transigo.io/

Software Category: point-of-sale (POS) platform

About the Company: Founded in 2018 and based in Haifa, Israel, Richmond, Virginia, and Hong Kong. Transigo helps cross-border B2B marketplaces scale by offering point-of-sale financing to their customers at zero risk to the marketplaces. Transigo’s point-of-sale SaaS platform integrates with the marketplaces’ platforms via a secure API and enables the marketplace to offer approved buyers up to $80,000 in point-of-sale credit with a maximum term of 90 days. Approvals can be completed within minutes. Using Transigo’s invoice factoring platform, the marketplaces bear no credit risk or cost creating a win-win situation for them, the buyers, and Transigo.

Source: https://www.prweb.com/releases/2021/12/prweb18412154.htm