Of this amount, the startup has already secured financing of EUR2 million from a Luxembourg-based investment fund, whose name has yet to be disclosed. In order to complement its financing target, the startup returns with a campaign on crowdfunding platform SeedBlink too, where investors can buy shares worth between EUR250,000 and EUR500,000.
The company’s pre-money valuation, prior to this funding round, is EUR11.75 million, as compared to EUR6.8 million before the previous financing round held in July 2022.
Headquartered in Bucharest, Finqware was established in 2018 by a team of fintech enthusiasts, each with a strong background in either banking or core IT infrastructure.