Cloud-native core banking software provider Fimple has raised £9.7m in its Series A funding round.
The London-based FinTech will use the funds to develop its product and expand into new markets, after previous successful expansions into Egypt and the GCC (Gulf states).
The round was led by DN Capital and Smartfin and saw continued participation from existing investors.
Fimple is said to empower banks, FinTech companies, and financial institutions to create tailored products and services for their customers and partners.
It has flexible deployment options, rapid configurability, and comprehensive banking and lending modules suite, including out-of-the-box support for Sharia-compliant finance.
“We are thrilled to announce this Series A investment,” said Mücahit Gündebahar, CEO of Fimple.
“This funding will enable us to enhance our product’s capabilities and replicate our success in Turkey across new markets.
“Our mission is to empower financial institutions with the most robust and adaptable core banking solutions available.”
Guy Ward Thomas, partner at DN Capital, added: “Banks worldwide face the challenge of replacing outdated legacy systems while competing with agile FinTechs.
“Fimple offers an ideal solution, enabling banks to launch new products and brands quickly and efficiently.”