The capital will fuel international expansion, product innovation, and enterprise growth.
"This investment marks another exciting milestone for Hands In. Our success with Air Europa demonstrated the power of our multi-card solution in reducing payment failures and increasing conversions. With this new funding, we’re poised to scale our split payment technology, onboard more enterprise clients, and redefine split payments globally."
The investment package includes £100m of debt funding to support liquidity in the UK digital economy.
"Over 50,000 UK businesses went under last year due to late payments. We are on a mission to eradicate this and this strategic investment is a game-changer for Revving and the entire digital economy"
CH-1 Investment Group led the pre-seed financing round to support technology development and product expansion.
"New-age payment technology has been too slow to reach SMEs, who are often overlooked and underserved. A Finance Director doesn’t want to purchase $500,000 through an app, but they do want access to innovative payment gateways and FX technology offered by the FinTechs. The White Label Brokerage model I previously created was great for connecting experienced FX Brokers—who provide exceptional, high-touch service. However, the product range available to both Brokers and SMEs has not kept pace with the paytech advancements seen in other sectors. We’ve set-up E-Money Markets to change this"
Existing investors including BNP Paribas and J.P. Morgan backed the growth round.
"Inefficiencies in the proxy voting system have led to both issuers and investors, the crucial end users in the process, being disenfranchised with their experience, and Proxymity was founded to radically improve the process for everyone in the ecosystem radically, ensuring access to real-time data, full transparency of voting status and activity and regulatory compliance."