Israeli startup AccessFintech, a fintech company, has brought in $20 million in a Series B round of financing led by Dawn Capital, Europe’s largest venture capital fund dedicated to B2B software. In short, fintech is software and systems which are designed to aid businesses manage their financial operations and services.
AccessFintech declares itself a fintech company which brings self-service, transparency, risk mutualization and more efficient supply-chain management to the global financial services industry. Its platform lets financial firms minimize risks during trades.
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Especially during the Covid era, people are doing business more and more electronically these days. So leave it up to a Startup Nation company to not only innovate in high tech, but to also provide new forms of security.
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We are delighted to share we have led @AccessFintech's Series B round, our first investment from Dawn IV!
AccessFintech is transforming the financial industry operating model through data and workflow collaboration.
Read more here: https://t.co/c13xjlUpPP pic.twitter.com/q0KgeFQ4SO
— Dawn (@dawncapital) October 6, 2020
CEO of AccessFintech Roy Saadon said: “Over the past two years our mission to evolve the financial industry operating model has gained significant traction and it is testament to the energy and skill of our team, the support of our clients and our wider network that we have reached this important milestone. We are thrilled to partner with a firm of the calibre of Dawn Capital who have an exceptional track record in working with fast growing companies in the fintech sector and who fully support our strategy. We are also excited to have worked with J.P. Morgan, Citi, Goldman Sachs and Deutsche Bank in this round – they are important partners for us in our vision of collaboration to maximize efficiencies across the market.”
Sarah Shenton, GS Growth Investor at Goldman Sachs said: “The pandemic has accelerated widespread adoption of fintech, a trend clearly seen at AccessFintech in terms of new participants and volume on the platform. AccessFintech’s offer has successfully created a shared data network and workflow, enabling more collaborative and efficient exception management. We are delighted to support their development and continued success.”
