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Finverity: Raises $5m equity funding as revenues grow 15x | Fintech InShorts: Latest fintech news, analysis by experts

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Finverity: Raises $5m equity funding as revenues grow 15x

By Laura M

April 2, 2023

Finverity: Raises $5m equity funding as revenues grow 15x

Finverity was born out of a vision to make the global financial system work for all, one product at a time
Announces it has raised US$5 million in a heavily oversubscribed equity funding round from new and current investors
New investors include London-based fintech specialist Outward, Amsterdam-based Acrobator Ventures
The funding round comes on the back of 15x revenue growth in 2022 across the Middle East and Africa
It was born out of a vision to make the global financial system work for all, one product at a time
The funding raised in this round will be used to immediately increase the headcount from the current 40 to 60 employees