London, the U.K-based fintech startup, Finteum, raised GBP 1.3 million in recent funding. The seed round took place on September 30, 2022. SuperSeed led the financing for the firm.

Purpose of financing for Finteum

With the latest proceeds from the seed funding, the fintech startup has plans to scale its intraday liquidity management technology.

It also seeks to ramp up its hiring operations. Finteum intends to attract and develop more talent this year.

The recent capital injection allows the platform to expand functionality. It also enables the company to sign up with many more banking clients on the forum. Three large European banks have already signed up for Finteum’s platform, which goes live for trading in early 2023.

What the co-founders of Finteum have to say

Speaking on the recent events, Brian Nolan, Co-founder and CEO of Finteum, said, “We are delighted to have the financing in place to grow our company and to support client banks until go-live and beyond. We look forward to working with more clients and partners in this next phase of Finteum’s journey.”

In addition, Zbi Czapran, Co-founder and CTO of Finteum, said, “We are working to transform how banking is done using next-generation technology. I am excited for the next phase of Finteum’s growth and for the superb engineers we are bringing into the team to develop and provide an enterprise-grade product to our clients.”

What the investor has to say

Mads Jensen, the Managing Partner at SuperSeed, commented: “Finteum provides an elegant way for top tier banks to earn yields on their reserve assets using Distributed Ledger Technology (DLT). We are proud to partner with Brian and Zbi, who are thought leaders in the intersection of DLT and bank liquidity management. We expect the company to provide transformational technology to leading banks for many years to come.”

About the company

Brian Nolan and Zbigniew Czapran launched the company in 2018. The London, UK-based fintech startup aims to transform tier 1 banks’ liquidity management using its next-generation treasury and trade management platform. The trading platform of the company allows banks to borrow for hours at a time, allowing them to meet a temporary liquidity need efficiently. The fintech leverages R3’s Corda Distributed Ledger Technology (DLT). It helps streamline the execution and settlement of trades. Hence, it provides banks with an effective way to manage intraday treasury funding, using financial products such as FX swaps and repo

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.


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