London-based fintech Pollinate raises $50 million in Series C round

London-based fintech Pollinate has closed a $50 million Series C round. The funding is expected to propel further expansion in existing markets and spearhead movement into North America.

The Series C round was led by Insight Partners, and saw follow on investment from all existing investors, including NatWest Group, Mastercard, National Australia Bank (NAB), EFM Asset Management, and Motive Partners.

Already in advanced talks with a number of North American banking institutions, the service helps banks digitally transform their offerings to business customers, as well as become a one-stop-shop for SMEs.

The fresh round of funding is also expected to accelerate the expansion of the firm’s white label marketplace, which provides banks the ability to offer SME’s access to capital, receive payments, and provide digital loyalty schemes, as well as marketing and insights tools.

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Source: London-based fintech Pollinate raises $50 million in Series C round – Tech.eu