Upstream, a London, UK-based mobile commerce platform, received €25m in growth financing.
The European Investment Bank provided the financing, granted with the support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI).
The company will use the funds for the implementation of its growth strategy, further boosting its global operations and R&D activities and improving its technology platform and product offering, as well as its big data capabilities.
Led by Marco Veremis, CEO & Co-founder, Upstream is a mobile commerce platform, which already enables 1.2 billion people to receive and pay for the digital subscription services (infotainment and microinsurance, mobile security and antivirus, cloud storage, gaming, video portals, app stores, language learning courses and mobile marketing promotions) on their mobile devices.
The company is present internationally with 10 regional offices employing over 330 professionals.