11 March 2024

Finboot secures investment led by Wealth Club and a strategic partner to drive net-zero technology.

The financing will accelerate the growth of the MARCO platform and its supply chain tracking capabilities.

Undisclosed

Finboot provides a no-code and low-code blockchain platform that enables large industrial companies to trace supply chains and manage environmental, social and governance data securely. The company is headquartered in Cardiff with a base in Barcelona.

Finboot has completed the first close of its latest funding round, led by Wealth Club alongside an unnamed strategic investor, to accelerate its growth strategy and net-zero technology initiatives. The capital will support the ongoing expansion of the company platform, MARCO, which assists enterprises with traceability and ESG compliance.

Wealth Club, operating as the largest investment service for experienced investors in the United Kingdom, coordinated the participation of specialist backers in the raise. The funding underscores market confidence in the enterprise technology proposition as regulatory demands around supply chains increase globally.

From the founder

"The investment by a strategic investor who has tried, tested and implemented our technology and Wealth Club is a huge vote of confidence in the Finboot team, our strategy and our technology proposition – our no-code / low-code platform, MARCO."

Nish Kotecha

Executive Chair and Co-Founder at Finboot

Investor perspective

"We selected this investment in Finboot, as it meets our guiding principles of investing in commercially compelling companies whose missions have merit and which can deliver sustainable and attractive returns to our investors."

Gayle Bowen

Director of Direct Investments, Wealth Club