The company secured backing from institutional investors and family offices across Europe with plans to expand the round to EUR 25m.
"We are very grateful for the broad support and trust of our new investors at such a pivotal moment for us. Omnio is building on ten years of innovation and customer commitment, and now we are ready to accelerate our market expansion and benefit from an opportunity that will shape the future of banking for the next 20 to 30 years. Our low-cost, modular, and fully cloud-based digital banking platform is proving to be the key ingredient for banks and non-banks catering to their customers for an improved and more engaged financial services offering."
Thames Trust, Ace and Co, and Downing Ventures backed the round to support artificial intelligence research and international growth.
"At Abaka, we believe that harnessing AI-led solutions has the potential to revolutionise the retirement and savings industry, using what we call Artificial Financial Intelligence to help financial services companies better engage their clients in financial planning."
General Catalyst and Mubadala Capital led the Series A round to support team growth and marketing efforts.
"Used cars are one of the last remaining consumer markets yet to benefit from any digital transformation. Cazoo makes used car buying simple and convenient like buying any other product online today. We take away the need to travel, to haggle, to spend countless hours at a dealership and to risk any buyer’s remorse. With Cazoo, you can purchase or finance a used car entirely online, have it delivered to your door in as little as 72 hours and have 7 days to make sure it fits your lifestyle. And if you don’t love your Cazoo car, we’ll come and collect it for free."
