Fennech raises £2.3m in new investment led by Llyods Banking Group

By Gloria Methri

Fennech Financial, an innovator in the financial technology sector, has raised £2.3 million in its latest round of funding. The round was led by Lloyds Banking Group, which contributed a substantial £2 million, alongside some high-profile individual investors.

This investment underscores Fennech Financial’s growth and commitment to delivering innovative financial solutions to its clients. With this new funding, the company plans to accelerate its product development and expand its team.

Emmanuel De Rességuier, CEO of Fennech, said, “We are thrilled to partner with Lloyds Banking Group on this important fundraising round. As a leading provider of financial services to businesses and individuals in the UK, their investment in Fennech is a testament to the strength of our business and our team, as much as a testament to their willingness to further help their client base thanks to strategic technology and digitalisation. With this new funding, Fennech is well-positioned to continue its growth and success. We are extremely grateful for the support of Lloyds Banking Group. I would also like to thank and warmly welcome, on behalf of the team, our new Individual investors that joined this fundraising round for their trust and support.”

Kirsty Rutter, Director of Fintech Investment at Lloyds Banking Group, said, “Our investment in Fennech forms part of our commitment to supporting the FinTech ecosystem in the UK and expanding our client capabilities through the use of cutting-edge technology. Lloyds Banking Group’s investment marks a significant endorsement of Fennech Financial’s vision and strategy. This collaboration will pave the way for future opportunities and contribute to the strengthening of the FinTech ecosystem.”

Fennech said this funding will play a crucial role in driving growth, innovation, and customer satisfaction.