Omnio raises EUR 15m in a private placement to finance growth and a pending acquisition
The company secured backing from institutional investors and family offices across Europe with plans to expand the round to EUR 25m.
Omnio operates a cloud-based core banking software delivering a modular end-to-end solution via a platform-as-a-service model. The company holds strong market leadership across the UK, Ireland, the DACH region, and Italy.
Omnio has secured EUR 15m in the first close of a private placement by issuing shares at EUR 650 each. The funding was backed by institutional investors, family offices, and high-net-worth individuals across Europe, with a particular concentration in the Nordic region. The company intends to expand the total fundraising effort to EUR 25m in January 2020. Proceeds from the financing will be directed towards expanding the sales team, strengthening compliance and risk management, enhancing the digital platform, bolstering working capital, and funding a pending acquisition.
From the founder
"We are very grateful for the broad support and trust of our new investors at such a pivotal moment for us. Omnio is building on ten years of innovation and customer commitment, and now we are ready to accelerate our market expansion and benefit from an opportunity that will shape the future of banking for the next 20 to 30 years. Our low-cost, modular, and fully cloud-based digital banking platform is proving to be the key ingredient for banks and non-banks catering to their customers for an improved and more engaged financial services offering."
Adrian Cannon
Chief Executive Officer at Omnio
Use of funds
- 01Invest in sales and marketing
- 02Scale operations
- 03Continue product development
- 04Fund acquisitions
