Pollinate, a London, UK-based global software business that partners with banks to extend relationships with their business customers, closed a $50m Series C funding round.
The round was led by Insight Partners, with participation from all existing investors, including NatWest Group, Mastercard, National Australia Bank (NAB), EFM Asset Management, and Motive Partners.
The company intends to use the funds for further global expansion and move into North America.
Founded in 2017 and led by Al Lukies CBE, CEO, Pollinate is a global business that works with banks around the world, including NatWest Group (powering Tyl by NatWest) and National Australia Bank, to provide them with a cloud-based toolkit for SMEs. The platform – built with 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, manage and grow their business. The system allows banks to offer a store for SMEs, from access to capital, the ability to take payment, digital loyalty schemes, marketing tools and insights.