The London fintech has secured fresh capital from HSBC Innovation Banking to fuel its international expansion and M&A strategy.
"As a profitable fintech operating at global scale, we have options when it comes to choosing how to invest for the next ten years of growth. This funding allows us to expand the range products we can offer our users and the channels through which we can reach them. HSBC Innovation Banking has been a key strategic partner to enable us to scale at pace and become one of the UK’s leading fintech brands."
Bonsai Partners and Acurio Ventures led the investment to support international expansion and product integrations.
"PassEntry is leading the next wave of digital transformation. We are delighted to welcome Bonsai and Acurio Ventures on board, with their wealth of experience specifically in the SaaS and ticketing sectors"
Maven Capital Partners led the multi-million investment to support product development and international growth.
"Kani has developed an innovative, award-winning platform that is addressing a critical challenge in the fast evolving payments industry. The company’s proprietary technology, coupled with the team’s deep sector expertise, has helped the business achieve year on year growth with annual recurring revenues sharply increasing in the last year, driven by a 70% increase in clients. With the increasing complexity of payment reconciliation and regulatory compliance, demand for Kani’s solution is set to grow further. We are excited to support Aaron and his team as they scale the business and expand into new global markets, particularly with significant opportunities emerging in the US."
The funding round was led by the Lazaroo-Hood Group with participation from Bigspace Investments and InvestNI.
"We are passionate about backing visionary entrepreneurs with game-changing ideas. Our partnership with FundMyPitch enables us to connect with and invest in some of the most promising early-stage ventures. We celebrate the risk-takers, the innovators, and the business builders shaping the future. Through our Family Office, we’re committed to fostering entrepreneurial success and helping these startups scale globally."
