Finbourne Technology announced the beginning of cooperation with Kreos Capital, a leading provider of debt obligations.
This partnership is necessary for Finbourne to secure a debt line in the amount of up to 30 million pounds. The partnership agreement is a kind of continuation of the Series A financing round of the company, which began in April 2021.
Through cooperation with Kreos Capital, Finbourne strengthens its capital structure, which demonstrates a high level of efficiency. The partnership will also allow the company to implement a growth plan and respond more quickly to changes in the market as its international presence expands.
Finbourne was founded in 2016. At the time of the company’s creation, the main objectives of its activities were to reduce the cost of investments and increase the level of efficiency and confidence in the capital market.
Last year, the number of employees of the firm increased by almost 50%. Now the total number of workers of the company worldwide is more than 190 people. The firm has recently launched operations in North America and the Asia-Pacific region, opening offices in New York and Singapore. The presence in new markets will allow Finbourne to provide 24/7 support to customers around the world.
By expanding the scope of activities and additional financing, the company expects to intensify the use of investment data management solutions: Lusid, Lusid PMS, and Luminesce. The firm also intends to develop new SaaS solutions for accounting portfolios and funds to support asset service providers in their digital transformation.
The planned developments envisage the launch of Finbourne Horizon, a global community of mutually beneficial integration partnerships within a broad ecosystem. In parallel, the company funded a training program in response to the relevant requests of clients and consultants.
As we have reported earlier, Finora Bank Partners iDenfy to Automate Compliance.