Pollinate, a software business that partners with banks to help them deepen and extend relationships with their business customers, today announced it has closed a $50m Series C funding round, led by Insight Partners, the global venture capital and private equity firm.
The round also includes participation from all existing investors, including NatWest Group, Mastercard, National Australia Bank (NAB), EFM Asset Management, and Motive Partners.
The investment signals Pollinate’s further global expansion and move into North America, where it is in advanced conversations with a number of banks.
Additionally, the funding seeks to accelerate the expansion of Pollinate’s white-label marketplace offering to meet the needs of banks’ small and medium-sized business customers.
“At Insight Partners, we invest in fast-scaling software companies. The Pollinate platform creates white-labelled digital marketplaces for the business customers of the world’s largest banks,” said Emmet B. Keeffe III, Operating Partner at Insight Partners and Founder of Insight IGNITE.
“Following the pandemic, the banks have the opportunity to lead the regeneration of the SME economy but they must move quickly. We’re proud to support Pollinate as they develop their global alliance of non-competing banks, and look forward to seeing the company continue its impressive growth in the years ahead.”