Tuesday 3 October 2017

FINTECH TINUBU SQUARE SECURES €53M INVESTMENT FROM LONG ARC CAPITAL & BPIFRANCE

PARIS, Oct 3 (Bernama-BUSINESS WIRE) -- Tinubu Square, a leading provider of trade credit risk management solutions, announces the investment of €53 million from Long Arc Capital and Bpifrance to accelerate the development of its technology solutions for credit and surety insurers, trade finance banks and export credit agencies. With this capital injection, US-based investment firm Long Arc Capital takes a majority stake in Tinubu Square, while Bpifrance, a shareholder since 2011, reaffirms its role as a long-term shareholder by participating in this strengthening of equity capital through its fund Large Venture.
 
A key step in the evolution of Tinubu Square, enabling digital transformation of the trade credit industry.
 
http://mrem.bernama.com/viewsm.php?idm=30202

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