Delega Raises £250K from Jenson Funding Partners

Delega, a Zug, Switzerland-based treasury management fintech company, raised £250K in Seed funding.

Jenson Funding Partners made the investment.

The company intends to use the funds for the further development of the multi-bank tool via the implementation of new features and integration with value added services such as e-signature.

Led by CEO Riccardo Balasmo, Delega provides a platform that allows treasurers and corporates to access and maintain digital signatory records while ensuring compliance with their banks’ requirements. Using Delega, companies can give specific banks access to the information needed to create, remove and maintain signatory records. Companies can also access their own signatory records instantly, meaning they can obtain up-to-date information about individuals’ signatory rights. 

Delega’s solution is made for mid and large-sized corporations but also intends to penetrate the large and mid-sized banking market.