ENFUCE SECURES 5 MEUR FINANCING TO BOOST GLOBAL GROWTH

Press release

Espoo, Finland. February 12, 2019 – Enfuce Financial Services has secured 5 MEUR growth financing from Nordea, LähiTapiola and Finnvera. Enfuce used KPMG Corporate Finance as its advisor throughout the process. The funds will be used to boost international expansion and to recruit key professionals across selected European markets to better serve the rapidly growing global client base.

Today Enfuce employs more than 40 Fintech experts in 4 countries and expects to continue growing its employee base in 2019. During 2018, Enfuce expanded its physical presence to the UK, Sweden and Spain, where the demand for financial technology is high.

As a company we have already made great accomplishments in building global presence and we are excited to take this development to the next level. I want to take this opportunity to express my gratitude to the companies that have decided to finance us, thus showing that they believe in our company and the service we provide for our customers.

                       – Monika Liikamaa, Chairman of the Board

A Series A funding round is expected to be launched by the end of Q2 this year.

Enfuce Financial Services is a forerunner in cloud-based payment infrastructure. We offer all of our products and services “as a service”, which means that we use our existing infrastructure when we onboard new customers. We are fully compliant with no legacy, which makes us agile but at the same time reliable in the ever-changing world of payments.

If you would like more information about this topic, please contact Wilhelm Lönnberg at +358 40 775 1135 or email at wilhelm.lonnberg@enfuce.com.