ALT21, a firm aiming to make multi-currency account solutions simple and affordable, has raised £9.6m and hired two key figures.
Giles Palmer joins the London company’s board after founding Brandwatch and leading it through to a $450m exit to Cision in 2021.
Also joining the board is former senior partner at KPMG Ireland and President of the Dublin Chamber of Commerce Eoghan Quigley.
The investment was secured in an oversubscribed funding round from a network of super angel investors and is one of the largest funding rounds raised in Europe via this method.
Taking its total funding to £34m, it will be used to expand its sales and marketing teams and reach more markets globally.
“We’re excited to have secured funding from a diverse group of investors who share our vision. In an increasingly volatile world, the pricing strategy of banks, brokers and fintechs remains opaque and expensive, there is an urgent need for a transparent, efficient alternative,” said Pritesh Ruparel, CEO of ALT21.
“We have been overwhelmed and delighted that so many experienced investors recognise the potential of the company and want to be involved.”