Smartfin has led a £10m Series A round in Incard to support international expansion and product development.
"As entrepreneurs we noticed there was a clear mismatch between how digital businesses actually operate and the financial tools that were available to them. Every industry has unique financial workflows and they need a system that understands how they operate – one that centralises finance, provides spend insights, tracks real-time cash flow, and includes industry-specific add-ons. They need to have visibility of all of that, in a single place."
The round was co-led by DN Capital and Smartfin with participation from Albaraka Portfolio and Tera Portfolio.
"Banks worldwide face the challenge of replacing outdated legacy systems while competing with agile fintechs. Fimple offers an ideal solution, enabling banks to launch new products and brands quickly and efficiently."