NewSpring Growth provided the strategic capital to support platform scaling and team expansion.
"Bite Investments reflects the kind of forward-looking innovation that aligns perfectly with NewSpring’s investment strategy. Their integrated platform is redefining how private markets connect investors and managers, making the industry more transparent, scalable, and accessible. We are proud to partner with Bite Investments’ team to accelerate their global growth and help shape the future of alternative investments."
The capital raise was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb to support the expansion of its global settlement network.
"The closing of our Series C reflects a shared conviction that the future of money demands a new foundation, one with Fnality at its core. Our blockchain-based settlement systems, anchored in the credit quality of central bank money, connect traditional finance with the fast adoption of tokenized and decentralized markets. With 24/7 payment rails, real-time settlement, and enhanced liquidity management, we’re not just modernizing wholesale payments, we’re building a future that fuses Decentralized Finance’s operational optimization with Traditional Finance’s capital efficiency. This investment accelerates our journey toward a financial market infrastructure that is more resilient, more inclusive, and ready for the hybrid future of global finance."
The investment was led by Portage with participation from State Street, management, and existing shareholders.
"We are pleased to announce this funding round which reflects the strong progress and momentum within ZILO™. Since we went live in 2023 with our proprietary platform, ZILO™ Global Core, we have successfully secured and onboarded two of the top five global custodians and a top five global asset manager within a relatively short period, demonstrating the institutional confidence in our platform to deliver industry changing efficiencies. We see strong pipeline growth for 2025 and 2026, with focus on onboarding new clients and launching innovative products. I would like to thank all our existing investors and the team at ZILO™ for their support in this funding round"
— Philip Goffin, Founder and Chief Executive Officer
