The fintech surpassed its target with backing from over 1,000 investors to support the rollout of new products including pensions and savings plans.
"The global market for ETFs has experienced phenomenal momentum in the last five years. And our second successful crowdfunding round only proves there's widespread belief that this market will continue to boom."
The London-based startup secured the capital from backers including Omers Ventures.
"Decoupling authorization makes life easier for both developers as well as product managers and security teams who create the requirements. Once implemented, the developers can focus on the rest of their job without having to deal with every change in access control logic,"
The London startup secured its second funding round in less than a year, bringing total capital raised to £8m.
"Securing a second investment round in less than 12 months is a testament to how innovative and industry-changing Skarper is. We have received hundreds of distribution requests from around the world and have a large waiting list of customers. The interest from industry leaders, including bike component manufacturers and household brands, has exceeded our expectations. Our revolutionary technology lowers barriers to owning high-quality eBikes and reduces waste."