Pollinate, a London-based global software business that partners with the banks to extend relationships with their business customers has now secured $50 million in a Series C funding round.
Pollinate is founded by the AI Lukies in the year 2017. It is a global business that works with banks around the world, which includes the NatWest Group and National Australia Bank, to provide them with a cloud-based toolkit for SMEs.
The platform built with the bank-grade privacy and security at its core – takes data feeds from any bank and third-party systems to give merchants a single place to understand, grow and manage their business.
The system allows banks to offer a store for the SMEs, from access to capital, the ability to take payment, marketing tools, digital loyalty schemes, and insights.
“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.”
“SMEs are the lifeblood of economies globally. They are the job creators, the innovators, and the brave explorers that simply find a way to make things work. Access to capital, intuitive banking services and a broad ecosystem of value-added solutions and partners are critical to the journey of a small business owner”, said Al Lukies CBE, CEO and Founder of Pollinate. “It is our passion to work with leading banks and dynamic merchants around the world. This investment round, led by the outstanding team at Insight Partners and supported by our existing shareholders, validates our mission, and is a statement of confidence in the banks – that they can fight back against new entrants and win, all while supporting the vital work of SMEs.”
Pollinate latest funding
The round was backed by the Insight Partners, with participation from all existing investors, which includes the MasterCard, NatWest Group, EFM Asset Management, Motive Partners, and National Australia Bank.
The company as of now has plans use the new funds for further global expansion and move into Northern America.