London based mechant acquiring fintech platform for banks Pollinate Networks has secured $50 million in Series C round led by Insight Partners and witnessed participaiton of existing investors including EFM Asset Management, Motive Partners, National Australia Bank, Mastercard and NatWest Group. The current round of funding brings the total amount of funds raised to $218 million
Pollinate Networks is a UK based fintech startup focused on reinventing merchant acquiring for banks around the world. It was founed in 2017 by Al Lukies, Fiona Roach Canning, Jonathan Hughes and Tim Joslyn. The startup provides a technology platform for banks that works with banks’ legacy systems to create data-driven experiences for merchants and consumers.
The current round of funding will help the startup accelerate the expansion in existing markets as well as enter North America, grow its white label marketplace, which enables banks to offer SME’s access to capital, receive payments, and provide digital loyalty schemes, as well as marketing and insights tools.