Novel Capital raises $15 million for fintech expansion

"Capital Expansion"

Fintech innovator, Novel Capital, has successfully raised $15 million in a pre-Series A funding round led by IGNIA Partners and Ulu Ventures. The significant funds will be used to expand their operations and global outreach.

Novel Capital’s financial technology solutions aim to disrupt the market by focusing on emerging markets. The support from MatterScale and previous investors points to an optimistic view of the fintech sector and its potential.

The firm was established by Carlos Antequera and Keith Harrington with an aim to enhance growth opportunities for SaaS startups. The Capital Intelligence platform is their key innovation, leveraging real-time data and AI to provide strategic fundraising advice and non-dilutive capital allocation.

Acknowledging the challenges that tech entrepreneurs often face, Carlos Antequera, CEO of Novel Capital, stressed the firm’s commitment to providing both financial backing and strategic support through their advanced technology.

With the recent funding, Novel Capital’s total funding now amounts to over $130 million.

Novel Capital’s successful fintech funding round

The goal is to revolutionize funding for tech entrepreneurs, and their products have been commended for effectively meeting various needs within the SaaS industry.

Novel Capital’s Capital-as-a-Service is a subscription-based solution that allows entrepreneurs to retain control over their financial management. So far, Novel has worked with 350 SaaS companies and has provided more than $100 million in non-dilutive capital.

Taking a data-driven approach, Novel aims to offer customized financial services to businesses. There are plans to expand their portfolio, further establishing Novel as an essential resource for tech startups.

The firm recently launched VentureMatch, a platform that connects tech entrepreneurs with venture capital firms. Keith Harrington, co-founder and COO, stated that the aim of this service is not to replace traditional funding methods, but to enhance them, with the end goal being to optimize the funding process and increase the odds of success.

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Howie Jones

Howie is an expert in business, software, and it's applications. She writes on various technologies and their uses in enterprise businesses.

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