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Supply Chain Technology Provider Finboot Announces Latest Funding Round
Today Finboot is announcing the completion of the first close of its latest funding round to accelerate the next phase of its growth strategy – with a particular focus on enabling companies and their net-zero transition through technology. This latest funding round has been led by a strategic investor together with Wealth Club.
Finboot helps its customers and partners accelerate their digital transformation, and by doing so helps them realise value and build trust through leading edge blockchain technology.
Finboot’s solution, MARCO, enables companies to incorporate blockchain within their value and supply chains, bringing traceability, transparency and compliance which, in turn, helps them meet sustainability and environmental, track carbon emissions and social and governance (ESG) requirements while also increasing operational efficiency.
Wealth Club is the UK’s largest investment service for high net worth and experienced investors and has played a key role in attracting investment for this latest round.
Nish Kotecha, Executive Chair and Co-Founder, Finboot, said: “The investment by a strategic investor who has tried, tested and implemented our technology and Wealth Club is a huge vote of confidence in the Finboot team, our strategy and our technology proposition – our no-code / low-code platform, MARCO.
“Finboot is bringing the next generation of supply chain tracking solutions to market which will enable large businesses to comply with current and future ESG regulations across the globe and enabling their net-zero transition.”
Gayle Bowen, Director – Direct Investments, Wealth Club, added: “We selected this investment in Finboot, as it meets our guiding principles of investing in commercially compelling companies whose missions have merit and which can deliver sustainable and attractive returns to our investors.”
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