Gumi Cryptos Capital led the pre-seed round, which included participation from Xpring, LuneX and Blockchain Valley Ventures.
"Due to their complexity, passwords have become the weakest means of authentication. Not only are billions compromised in breaches every year – hackers are also figuring out how to bypass two-factor authentication systems that rely in-part on something the user knows- like passwords and recovery phrases,"
The funding will support growth across the UK and expansion into Germany and wider European markets.
"We’re thrilled to be working with a partner like M-Venture as their investment will help us to super charge our growth in the late night sector and ensure more people across Europe won’t get caught out when their phone battery is low."
The funding round was backed by a consortium of global financial heavyweights to expand the reach of its merchant services technology.
"Retail banks around the world are facing common issues, but they remain the only ones in the payment chain who can connect directly with both merchants and consumers. They are therefore best placed to help SME’s process transactions, support their balance sheets, and grow their businesses, creating a virtuous circle between the bank, merchants, and consumers. As we know consumers increasingly expect a more personalised service from the businesses they interact with, regardless of their size, so at its heart Pollinate is about relationships and growth through connection – our platform enables relationships to be strengthened through fantastic digital experiences, and real-time data processing analytics and integrations."
Origin Capital backs Bristol-based non-destructive testing technology developer Inductosense.
"Following a detailed process of due diligence we are happy to welcome Origin Capital and their co-investors as shareholders. We are at an exciting time in our growth journey with multiple ongoing field trials, and we look forward to achieving large scale deployments of our technology in the years ahead."
