JPIN Venture Catalysts led the £2m investment to support platform development and user growth.
"We are delighted that JPIN VCATS has decided to back our growth. The COVID pandemic has accelerated the adoption of digitization within financial services. Getting affordable finance into the SME segment at scale is going to be critical to our global economic recovery and we are thrilled to have Venture Catalysts support to help us to scale our reach in India."
The investment from GC Angels and Admitad will fund team expansion and international growth.
"RevGlue offers individuals who have been adversely impacted by the pandemic a real opportunity to make a living through social media and other online channels, which is a sector set for major growth this year. We’re delighted to invest alongside a leader in the affiliate marketing space, Admitad, to aid RevGlue’s growth in the UK and beyond as it capitalises on the rise in social media and online retail usage under lockdown. It’s particularly pleasing to be further supporting and encouraging diversity in investment and contributing to job creation across the region, which are key drivers for GC Angels."
The seed round was led by Fuel Ventures and will support international expansion.
"Despite the impact of Covid-19, digital ad spend still increased 2.4% in 2020 to a record $332bn2 as consumers turn to the web in their masses to stay informed, in touch and entertained. For fraudsters this is like shooting fish in a barrel. With little effort they can defraud small, independent businesses relying on online ad spend to increase their presences out of tens of thousands pounds a year. We are handling huge volumes of ad traffic to make sure these businesses are protected and with this new investment we can explore how our solution stays one step ahead of more sophisticated ad fraud tactics and expand internationally."