Shaype secures additional $33 million in new equity investment in Series C capital raise

Shaype, Australia’s only one-stop-shop embedded finance platform, has secured an additional $33 million in new equity investment in the Series C capital raise.

Proceeds from the latest investment round will be used to accelerate growth, with particular focus on expanding the team to support a full pipeline of Australian clients, as well as international expansion.

Regal Funds Management led the round, which also included family offices.

Commenting on the raise, Philip King, Chief Investment Officer at Regal Funds Management said, “We see huge opportunities for Shaype in leading innovation, as well as disruption, in banking and finance. Shaype is at the forefront of a new breed of fintech that can enable financial services better and more cost efficiently than any incumbent thanks to the platform’s control, flexibility, and speed. Ultimately providing their clients the confidence they need in this competitive environment.”

While global equity markets and in particular the technology sector have undergone a material re-pricing in valuations this past 12 months, Shaype have successfully closed the Series C with a significant uplift in valuation. This uplift reflects the core infrastructure that Shaype has built and owns, the team’s consistent track record of execution and delivery, and the resulting full pipeline of new business.