Constantinople, a Sydney, Australia-based tech and operations platform for banks, raised AUS$50m (USD$33m) in Series A funding.
The round was led by Prosus Ventures, alongside existing investors Square Peg Capital, Airtree Ventures and Great Southern Bank. Constantinople previously raised a A$32m (US$22m) seed round in April 2022 from Square Peg, Airtree and Great Southern Bank.
The company intends to use the funds to build out its team and expand platform capabilities.
Founded in 2022 by Dianne Challenor and Macgregor Duncan, Constantinople provides a tech and operations platform, which covers both retail and business banking, supporting a full product suite across transaction banking, payments and lending, as well as mobile and web apps for improved customer experiences. The company also handles operational activities on behalf of client banks, using software and AI for customer onboarding, financial crime monitoring, fraud detection, payment and lending ops, and automated compliance and controls.
The platform is currently supporting its first client bank, Great Southern Bank, which has recently launched its new Business Bank in market. Constantinople is partnering with other clients in Australia, and has recently expanded its team into New Zealand.
The company currently has around 100 employees inclsuing recently hired CTO Krishna Atkuru and COO Craig Rees.
FinSMEs
03/04/2024