Scaleup Finance raises record Danish funding round for its UK expansion

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Royebisin22#
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Scaleup Finance raises record Danish funding round for its UK expansion

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Denmark-founded fintech Scaleup Finance has actually raised the country's largest seed funding round, securing $8 million (€6.4 million) to bring its "digital CFO" platform " UK. The funding round, shared exclusively with UKTN , will support Scaleup Financing's expansion into the UK market, where it will offer its subscription-based platform that automates financial management for businesses. Scaleup Financing's digital CFO platform handles reporting, budgeting, financial modeling and accounting. Created in 2021, Scaleup Financing says it has "more than 150" companies using its software application, which it calls "CFO as a service".

Having actually worked with over 500 high-growth companies recently, I have seen the majority struggle to prepare practical financial designs and handle basic money management tasks, especially during their early years,” said Charlie Robinson, UK Managing Director at Scaleup Finance. “They are struggling to determine their north-star metrics, which is Pakistan Phone Number List important for fundraising. Large-scale financing is the answer to all of this. We're taking the battle out of money management, so creators can focus on building, managing, and scaling their organizations. » The Danish company's new funding round was led by UK investment fund PROfounders.

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Capital, along with FinVC, Clocktower VC, CircleRock Capital and numerous angel investors. "By combining its powerful money management platform rm with access to a 'bench' of real life CFOs, Scaleup is able to meet the unique requirements of each client and maximize the time contractors have to focus on building their organizations,” said Joe Bond, partner at PROFounders Capital. “In a short time, Scaleup has established a strong presence in Denmark and we will aim to replicate this initial success in the UK and the rest of Europe . » Scaleup Funding employs 70 people and has actually established an office and team in London as part of its UK growth All the news in real time.
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