The financing round comprises £10m in equity led by Citibank and £20m in debt from NatWest.
"Electronics brands are increasingly moving beyond one-time sales and toward subscription-first models. Our partnership with LG marks a key step in that transition, delivering clear value for both electronics brands and customers whilst expanding our category offering with a true global leader. It’s been great working with the LG team to bring this to market, and we’re excited about scaling the partnership together."
The round was led by Sofina with participation from Better Society Capital and existing investors.
"Stream exemplifies how placing impact considerations at the heart of product development can drive sustainable commercial value. Its focus on tackling the 'poverty premium' not only works to improve financial resilience, but also solve critical challenges for employers. Stream's dedication to understanding and improving their products' impact on users enables greater positive outcomes and propels their strong commercial growth, and we look forward to the impact this funding will support."
The funding round was led by 645 Ventures and will be used to accelerate product development and team expansion.
"I started Sequence afiter a decade watching fiinance teams fiace an impossible choice: drown in manual billing work or rely on systems that break when sales teams close custom deals. Hereʼs whatʼs happening in fiinance teams – brilliant people spend 80% ofi their time on repetitive tasks like calculating invoices by hand, chasing unpaid bills, and reconciling transactions, while revenue slips through the cracks because complex contracts are hard to track. Sales shouldnʼt be constrained by what the billing engine can support. With Sequence, teams can price and sell in the way thatʼs best fior customers and the business, while Finance has peace ofi mind knowing every contract, no matter how custom, is handled accurately."
The investment from Maven Capital Partners will support product development and international growth.
"We see strong potential in Digilytics and its plug-and-play AI technology, which is solving critical pain points for lenders and is readily transferable to adjacent verticals. Designed to integrate seamlessly with existing loan origination and case management systems, the technology offers a value-driven solution that’s already demonstrating scalability through rapid ARR growth and low customer churn. Arindom brings deep financial services expertise and a clear understanding of how to serve large, highly regulated organisations, positioning Digilytics as a standout operator in a market ripe for transformation."
