Publication: Altfi
19th November 2019
Funding Xchange completes £8m Venture Capital funding round
Funding Xchange has completed an £8m funding round, and are pledging the funds to help speed up the delivery of their “next generation” platforms. The round was led by Downing Ventures and Gresham House Ventures.
Funding Xchange, founded in 2014, provides technology for companies such as MoneySuperMarket and Experian. The business was set up by Katrin Herrling, whose family own a dairy farm in Ireland.
Herrling said: “This is creating the opportunity to provide small businesses with the same transparency and ease of access to finance that consumers have become accustomed to.”
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