Stanhope Financial Group, an Ireland-based international fintech firm that gives companies with a full suite of banking providers, raised over USD 10m in Series A funding spherical.
The spherical was led by Gate Ventures.
The firm intends to make use of the funds to develop its product choices, strengthen the administration workforce, enhance its market share, and put together for the launch of its upcoming affiliate digital property division, SH Digital.
Led by Kevin von Neuschatz, Group CEO, and Mohit Davar, Executive Chairman, Stanhope Financial Group operates:
- SH Payments, licensed as an Electronic Money Institution, which gives companies banking providers to ship and obtain cash globally, together with FX, multi-currency accounts, and modern funds options
- SH Capital, licensed in the DIFC, Dubai, which permits establishments and household workplaces to realize entry to premium international funding merchandise throughout all capital markets
- SH Digital, which gives cryptocurrency liquidity and buying and selling providers.
Stanhope Financial Group has additionally been granted monetary providers licences by each the Bank of Lithuania and (IPA) by Dubai Financial Services Authority (DFSA).