The funding round was led by Mercia with participation from the Future Fund, Ascension Ventures, and Northstar Ventures.
"We’ve been extremely busy supporting our credit union partners during Covid-19. The lockdown not only escalated the need for credit unions to offer their members digital access, but also to communicate with them more regularly and effectively, something our technology also enables them to do. Credit unions have been at the forefront of supporting financially excluded and often vulnerable individuals and families over recent months, so we are delighted to offer them technology which not only better supports existing members in a digital world, but also enables them to promote their message of ethical, supportive banking to a wider audience."
Dextcloud receives strategic backing from Citi to enhance its low code platform for enterprise clients.
"By working with Dextcloud, we are able to develop client-centric solutions at a quicker pace, lower the barriers for our colleagues to develop these solutions, and automate manual tasks that allow our developers to focus on higher valued projects."
— Stuart Riley, Head of Citi's Institutional Clients Group Operations & Technology
The pre-seed round was led by Move Ventures to support product development and regulatory approval.
"Many consumers borrow without fully understanding their options or implications of their borrowing. This is further compounded with poor repayment habits. As a result, large numbers of consumers are in the dark about the true cost of their borrowing, paying more in interest and fees than necessary and carrying debt for longer. ilumoni is changing that by shining a light on how we borrow,"
The round was led by RTP Global with participation from angel investors Jens Lapinski and Chris Adelsbach.
"The meteoric rise of esports, particularly in the wake of COVID-19, coupled with the recent reversal of the 25-year federal ban on sports gambling creates a huge opportunity,"
The funding round was backed by venture funds including 7percent Ventures alongside nearly two thousand retail investors.
"We are currently seeing a significant interest in sustainable assets. There is a positive dynamic for those companies that have green products and are well run, with the right governance,"
