12 March 2024

Finboot announces latest funding round

Written By FinTech Alliance in FinTech

Finboot announces latest funding round

Funding to accelerate Finboot’s platform, MARCO in the net-zero transition.

Strategic investor together with Wealth Club played key role in bringing in specialist investors into the latest round.

Finboot is announcing the completion of the first close of its latest funding round to accelerate the next phase of its growth strategy – with a particular focus on enabling companies and their net-zero transition through technology. This latest funding round has been led by a strategic investor together with Wealth Club.  

Finboot helps its customers and partners accelerate their digital transformation, and by doing so helps them realise value and build trust through leading edge blockchain technology.  

Finboot’s solution, MARCO, enables companies to incorporate blockchain within their value and supply chains, bringing traceability, transparency and compliance which, in turn, helps them meet sustainability and environmental, track carbon emissions and social and governance (ESG) requirements while also increasing operational efficiency.  

Wealth Club is the UK’s largest investment service for high net worth and experienced investors and has played a key role in attracting investment for this latest round.

Nish Kotecha, Executive Chair and Co-Founder, Finboot, said: “The investment by a strategic investor who has tried, tested and implemented our technology and Wealth Club is a huge vote of confidence in the Finboot team, our strategy and our technology proposition – our no-code / low-code platform, MARCO.

“Finboot is bringing the next generation of supply chain tracking solutions to market which will enable large businesses to comply with current and future ESG regulations across the globe and enabling their net-zero transition.”

Gayle Bowen, Director - Direct Investments, Wealth Club, added: “We selected this investment in Finboot, as it meets our guiding principles of investing in commercially compelling companies whose missions have merit and which can deliver sustainable and attractive returns to our investors.”

Up Next ...
22 November 2024

Eden AI raises €3M seed round to bridge the gap between AI models and business needs

Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...

22 November 2024

City Bank Adopts TranzAxis for E-Commerce Payment Solutions

This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.

22 November 2024

Zellis summit maps bold future of innovation

Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features

21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

More in FinTech

Eden AI raises €3M seed round to bridge the gap between AI models and business needs

22 November 2024

Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...

City Bank Adopts TranzAxis for E-Commerce Payment Solutions

22 November 2024

This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.

Zellis summit maps bold future of innovation

22 November 2024

Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

21 November 2024

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

White Papers FinTech

Open Finance in Review: Looking back at 2023

28 November 2023

In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...

White Papers FinTech

Fintech 2030: The Industry View

02 October 2023

Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...

White Papers FinTech

Pulse of Fintech H2 2022 report

27 July 2023

UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...

White Papers FinTech

The Rise and Impact of Fintech in Latin America

29 June 2023

Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

04 December 2024 - 05 December 2024

12:00 AM - 12:00 AM

ExCel London, Western Gateway, Royal Victoria Dock, London, London, E16 1XL

Free
Finnovate Europe

Finnovate Europe

25 February 2025

12:00 AM - 12:00 AM

InterContinental London - The O2, 1 Waterview Drive, London, Greenwich, SE10 0TW

£1,699.00