“London FinTech Receipt Bank has raised £55 million equity and debt finance in a Series C funding round. The digital bookkeeping platform will look to extend its product suite and continue rapid expansion in Europe, Australia and North America. The round was led by Insight Partners, joined by Augmentum Fintech with participation from existing investors Kennet Partners and Canadian Imperial Bank of Commerce (CIBC). The company doubled customers in 2019, taking the total number of businesses using the platform to above 360,000.”
Source: Business Cloud