Fintech startup raises $12.5m

Fintech startup raises $12.5m

A Sydney-based fintech startup received an investment boost from ANZ and software giant Salesforce in its latest fundraising efforts.

Valiant Finance, a software platform that connects small businesses with over 75 mostly non-bank lenders, has announced it secured $12.5m in its Series B equity funding round.

The investment was led by ANZ’s ANZi Ventures, with contributions from Salesforce’s Salesforce Ventures, Carthona Capital, Westpac’s Reinventure, and Full Circle Venture Capital.

Valiant said it will use the investment to make its platform available to a broader audience.

“We’re very excited to take investment from ANZ and Salesforce Ventures,” said Alex Molloy, co-founder and CEO of Valiant Finance.

“We’ve had massive growth over the last 18 months by providing our platform to institutional referral partners and investing heavily in our asset and commercial finance capabilities.

The additional capital from this round enables us to consolidate that growth, accelerate our platform roadmap and build partnerships with equipment dealerships offering point-of-sale finance to their customers.”

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Source: Fintech startup raises $12.5m