Cloud-native core banking software provider Fimple has raised 拢9.7m in its Series A funding round.聽
The London-based FinTech will use the funds to develop its product and expand into new markets, after previous successful expansions into Egypt and the GCC (Gulf states).
The round was led by DN Capital and Smartfin and saw continued participation from existing investors.
Fimple is said to empower banks, FinTech companies, and financial institutions to create tailored products and services for their customers and partners.聽
It has flexible deployment options, rapid configurability, and comprehensive banking and lending modules suite, including out-of-the-box support for Sharia-compliant finance.
鈥淲e are thrilled to announce this Series A investment,鈥� said M眉cahit G眉ndebahar, CEO of Fimple.聽
鈥淭his funding will enable us to enhance our product鈥檚 capabilities and replicate our success in Turkey across new markets.聽
鈥淥ur mission is to empower financial institutions with the most robust and adaptable core banking solutions available.鈥�
Guy Ward Thomas, partner at DN Capital, added: 鈥淏anks worldwide face the challenge of replacing outdated legacy systems while competing with agile FinTechs.聽
鈥淔imple offers an ideal solution, enabling banks to launch new products and brands quickly and efficiently.鈥�