Oradian, a London, UK and Zagreb, Croatia-based provider of banking software for microfinance in developing countries, raised £100k in funding.
Middleton Enterprises, a North East investment firm, made the investment.
The company will use the funds to continue to expand its business reach.
Led by Antonio Separovic, Oradian provides Micro Finance Institutions (MFIs) in countries with underdeveloped banking infrastructure with a finance management platform for personal banking.
The company was originally focused on Nigeria, where it grew its customer base to 24 MFIs with 489,000 end users. With support from the Philippine Central Bank, the company has since had a successful rollout in the Philippines, where it works with 18 MFIs.
The company is also present in Ghana, Liberia, and Malawi.