Shaype, Australia’s solely one-stop-shop embedded finance platform, has secured a further $33 million in new fairness funding within the Sequence C capital increase.
Proceeds from the most recent funding spherical might be used to speed up progress, with explicit concentrate on increasing the group to help a full pipeline of Australian shoppers, in addition to worldwide enlargement.
Regal Funds Administration led the spherical, which additionally included household workplaces.
Commenting on the increase, Philip King, Chief Funding Officer at Regal Funds Administration stated, “We see large alternatives for Shaype in main innovation, in addition to disruption, in banking and finance. Shaype is on the forefront of a brand new breed of fintech that may allow monetary companies higher and extra price effectively than any incumbent due to the platform’s management, flexibility, and velocity. Finally offering their shoppers the arrogance they want on this aggressive surroundings.”
Whereas world fairness markets and particularly the know-how sector have undergone a cloth re-pricing in valuations this previous 12 months, Shaype have efficiently closed the Sequence C with a big uplift in valuation. This uplift displays the core infrastructure that Shaype has constructed and owns, the group’s constant observe file of execution and supply, and the ensuing full pipeline of recent enterprise.
