Omnio, a UK-based fintech that offers banking and payment services for businesses, has reportedly secured €15 Million through its latest private placement funding round. The company offered 23,077 shares at a rate of €650 per offer share through the round. Founded in 2018, Omnio claims that it works with its users to help their business deliver innovative, reliable banking and payment services that meet both their current and future customers’ needs. The company further explained:
“Formed in 2018 from the merger of leading Fintech specialists, PCT and Tuxedo Money Solutions, we are experts in the delivery of banking and payment solutions for business. Through our cloud-based digital platform and our back office services, we can support your business in offering reliable and robust banking-grade financial services to your customers.”
Speaking about the investment round, Adrian Cannon, Chief Executive Officer of Omnio, reportedly stated:
“We are very grateful for the broad support and trust of our new investors at such a pivotal moment for us. Omnio is building on ten years of innovation and customer commitment, and now we are ready to accelerate our market expansion and benefit from an opportunity that will shape the future of banking for the next 20 to 30 years. Our low-cost, modular, and fully cloud-based digital banking platform is proving to be the key ingredient for banks and non-banks catering to their customers for improved and more engaged financial services offering.”
Cannon added:
“Backed by the recent support from investors, we at Omnio remain confident that we are in a strong position to continue to deliver our planned strategic business development milestones with a view to a potential IPO of the business.”