CIBC Innovation Banking has supplied €35 million in progress capital to Ageras to spice up the Copenhagen-based fintech’s acquisition efforts because it seeks to broaden its monetary “cockpit” for SMEs.
With over 100,000 paying prospects in Europe and the US, the corporate is now set to make use of its new funding to make acquisitions that may construct out its providing.
Rico Andersen, CEO, Ageras, says: “Within the final yr, we’ve acquired and added three corporations to our product providing. Now, with CIBC Innovation Banking’s €35m funding, we’ll look to purchase extra, particularly corporations which have developed best-in-class merchandise that both cement our place in a single market or add mission-critical options that we will supply to all present prospects.”