Supply chain technology provider announces latest funding round

11th March 2024
Paige West

Finboot announced the completion of the first close of its latest funding round, aiming to accelerate its growth strategy with a significant focus on aiding companies in their transition to net zero through technology.

This recent funding round was spearheaded by a strategic investor, alongside Wealth Club.

Finboot assists its customers and partners in speeding up their digital transformation, thereby enabling them to realise value and build trust via Blockchain technology.

The company's solution, MARCO, allows businesses to integrate Blockchain into their value and supply chains. This integration offers traceability, transparency, and compliance, which supports companies in meeting sustainability and environmental, carbon emissions tracking, social, and governance (ESG) requirements. Additionally, it enhances operational efficiency.

Wealth Club, the UK's largest investment service for high net worth and experienced investors, has been instrumental in securing investment for this latest round.

Nish Kotecha, Executive Chair and Co-Founder, Finboot, said: “The investment by a strategic investor who has tried, tested, and implemented our technology and Wealth Club is a huge vote of confidence in the Finboot team, our strategy and our technology proposition – our no-code/low-code platform, MARCO.

“Finboot is bringing the next generation of supply chain tracking solutions to market which will enable large businesses to comply with current and future ESG regulations across the globe and enabling their net zero transition.”

Gayle Bowen, Director - Direct Investments, Wealth Club, added: “We selected this investment in Finboot, as it meets our guiding principles of investing in commercially compelling companies whose missions have merit, and which can deliver sustainable and attractive returns to our investors.”

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