Supply chain technology provider Finboot announces latest funding round

Finboot has announced the successful initial closing of its latest funding round, aimed at fuelling the next stage of its growth strategy. This round, with a key focus on aiding companies in their transition to net-zero through technological solutions, was led by a strategic investor alongside Wealth Club.

Finboot empowers its clients and partners to expedite their digital transformation, leveraging cutting-edge blockchain technology to create value and foster trust. Its blockchain solution, MARCO, allows businesses to integrate blockchain into their value and supply chains. This integration offers enhanced traceability, transparency, and compliance, facilitating companies' efforts to meet sustainability, environmental, carbon emissions tracking, and social and governance (ESG) criteria while also boosting operational efficiency.

Wealth Club, one of the UK's investment services for affluent and seasoned investors, has significantly contributed to attracting investments for this funding round.

Nish Kotecha, Executive Chair and Co-Founder, Finboot, said: “The investment by a strategic investor who has tried, tested and implemented our technology and Wealth Club is a huge vote of confidence in the Finboot team, our strategy and our technology proposition – our no-code / low-code platform, MARCO.

“Finboot is bringing the next generation of supply chain tracking solutions to market which will enable large businesses to comply with current and future ESG regulations across the globe and enabling their net-zero transition.”

Gayle Bowen, Director - Direct Investments, Wealth Club, added: “We selected this investment in Finboot, as it meets our guiding principles of investing in commercially compelling companies whose missions have merit and which can deliver sustainable and attractive returns to our investors.”