Mon, Nov 25 2024
Finboot, which aims to expedite the next phase of its growth strategy, is announcing today the conclusion of the first close of its current investment round. The company is particularly focused on using technology to enable firms in their net-zero transformation.
Wealth Club and a strategic investor lead the most recent fundraising round.
Finboot uses cutting edge blockchain technology to help its partners and customers speed their digital transformation, realizing value and fostering trust in the process.
With the help of Finboot's MARCO solution, businesses can integrate blockchain into their supply chains and value chains, bringing traceability, transparency, and compliance. This helps the companies meet environmental, social, and governance (ESG), and sustainability and environmental requirements while also improving operational efficiency.
The largest investing service for high net worth and seasoned investors in the UK, Wealth Club, has been instrumental in luring capital for the most recent round.
"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," stated Nish Kotecha, Executive Chair and Co-Founder of Finboot.
"Finboot is introducing the next generation of supply chain tracking solutions to the market, facilitating the net-zero transition of large businesses and enabling compliance with global ESG regulations both now and in the future."
"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," said Gayle Bowen, Director of Wealth Club's Direct Investments.
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