The London based fintech has closed a £22.3m pre Series B round led by Gauss Ventures and Simon Nixon.
"We are excited and humbled by the response our product has received by both investors and customers alike. Customers recognise our dedication to focus on their needs. This is what sets us apart from other BNPL players in the market today and what continues to drive us in creating a new category – we want and can help people during these difficult times as our systems self adapt to the socio economic conditions of the day and we feel privileged to be in a position to do so. We are just getting started and have some amazing new features coming soon, all of which track our customers’ way of life, financial constraints and aspirations!"
The Bristol-based HR and payroll software provider has raised £2m from BGF to support its organic and acquisitive growth strategy.
"We are extremely excited to be partnering with BGF with this investment. It not only means our plans are funded, but also gives us validation that an investor with a reputation such as BGF’s believes in what we have achieved up to this point."
LocalGlobe and Sands Capital Ventures led the financing round, which will fund research and quality control expansion.
"Most of the world’s videos – billions of hours of content – are shackled to a single language. And that’s for a simple reason – quality dubbing is prohibitively expensive and time-consuming, so current solutions only work for a select group of deep-pocketed content owners. Speech translation technology fundamentally changes the dynamics of how content is distributed and monetised. The technology we created will level the playing field – allowing all forms of video and audio to be consumed in any language, therefore vastly multiplying the potential reach for all content creators."
The Series A round was led by OpenOcean with participation from Robert Bosch Venture Capital to fund commercial expansion.
"Cloud has been instrumental in unlocking greater IT flexibility. The next challenge is supporting the creation and processing of skyrocketing data volumes efficiently. It’s not uncommon to see enterprises hike their infrastructure costs up to 10x for some data-intensive applications when they move to the cloud."
