The telephone payment compliance provider has raised £1.2m in a pre-series A round led by Bloc Ventures to scale its teams.
"We are delighted to be joining the Bloc Ventures portfolio. Bloc’s team has unparalleled expertise in deep technology and we are convinced it is the right partner to support us on the next stage of this journey. Our technology has the ability to radically lower the high cost of entry that is prevalent in the telephone payment segment, and with Bloc’s financial and strategic supportwe are confident that we can build on the strong momentum we have generated over the last four years."
The London startup secured Series A backing from previous investors and new participants to accelerate growth.
"We have seen how our service has not only managed to cope with increasing demand but the testimonials from customer’s shows that fast, reliable and safe deliveries of pharmacy products is here to stay. With this funding we will accelerate our growth and promote our service to the masses. We are excited to be at the forefront of the digitisation of pharmacy shopping."
The funding round was led by Downing Ventures alongside Publicis Groupe, London Co-Investment Fund, and University of Bristol Enterprise Fund.
"There has been a major generational shift in consumer behaviour that has stemmed from a trust crisis – trust in institutions, in brands, and in advertising is at an all-time low."
Grafton Capital has secured a majority position in Third Financial following a £7m investment.
"Our vision for the company is to be the go-to provider of technology and custody services for investment firms. While the backbone of our operation is the servicing of traditional wealth managers and advisers, there is also a huge appetite from a raft of exciting fintech companies that require back-end operations, custody and infrastructure to help them bring their innovations to market. Our FCA-regulated service gives all of our customers a cost-effective and holistic solution which is continually updated with new features in response to client needs."
Midven led the seed financing round to support team expansion and product development.
"This investment marks a significant step forward for D-RisQ, enabling us to form a valuable partnership with Midven and the MEIF. The additional finance will accelerate the Company’s growth and provide access to additional business expertise, enabling the transition from a research and development company to a major supplier of automated software development tools."
