The funding from Midven and the Midlands Engine Investment Fund will support product development and create twenty jobs in Nottingham.
"We are delighted to have received the investment from Midven. It will allow us to move the business onto a more commercial footing, recruit the necessary specialised staff and reduce time to market. We want to surpass our prior expectations to enhance security, improve passenger experience and increase throughput, all whilst reducing overall costs for airports."
The Edinburgh fintech secured £1.6m from backers including Amadeus Capital Partners and SixThirty to grow its open banking tools globally.
"The financial world is being fundamentally changed through Open Banking. It improves our understanding of each individual, allowing us to move away from traditional credit reference agencies."
The Cardiff-based subscription service exceeded its target by 154% and welcomed Pontus Noren to its board.
"To have so many people willing to invest their hard-earned cash on our company is amazing and to welcome investors of the calibre of Pontus to the board has been phenomenal."
