SaaScada, a London, UK-based company that offers a data-driven core banking solution for banks and FinTechs, received an undisclosed investment.
SaaS Investors
The investment was from fintech venture capitalist TX Ventures.
TX Ventures is an independent Fintech VC investing in the next generation of Finance. Its mission is to invest in Fintechs democratizing access to financial products, empowering people to gain financial security, and improving efficiency as well as sustainability.
SaaScada Use of Funds
The investment will help accelerate the growth of SaaScada's core banking solution.
About SaaScada
Founded in 2016 by Nelson Wootton and Steve Round, SaaScada is a NextGen data-driven core banking engine. The platform allows new entrants to build from scratch or financial institutions with legacy systems to create new offerings alongside their existing core systems. They believe financial inclusion can change lives and communities. Its data-driven core leverages cloud-native CQRS architecture and event sourcing to power real-time data insights and exceptional customer experiences.
Funding Details
Company: SaaScada Ltd.
Raised: Undisclosed
Round: Unknown
Funding Month: October 2023
Lead Investors: TX Ventures
Additional Investors:
Company Website: https://saascada.com/
Software Category: Data-Driven Core Banking SaaS Solution
Source: https://ibsintelligence.com/ibsi-news/tx-ventures-invests-in-core-banking-platform-saascada/