8.6 C
New York
Friday, June 14, 2024
Home Challanger banks Next Gate Tech Raises €8M in DB1 Ventures-led Round

Next Gate Tech Raises €8M in DB1 Ventures-led Round

Next Gate Tech, a Luxembourg-based start-up, has secured €8M in a funding round led by DB1 Ventures, the corporate venture capital arm of Deutsche Börse Group.

The latest investment round brings the total funds raised by the company to €14M.

Let’s dive deeper into the story and explore what this funding means for the future of Next Gate Tech.

What is Next Gate Tech?

Next Gate Tech is a leading provider of cutting-edge technology solutions for the financial sector.

The company specializes in developing innovative solutions to help financial institutions automate their back-office operations, optimize their risk management processes, and enhance their regulatory compliance capabilities.

DB1 Ventures leads funding round

DB1 Ventures, the venture capital arm of Deutsche Börse Group, led the €8M funding round for Next Gate Tech. The investment is part of DB1 Ventures’ ongoing strategy to support promising start-ups in the fintech sector.

Commenting on the investment, Manfred Schlumberger, Managing Director of DB1 Ventures, said: “We are excited to support Next Gate Tech in its mission to transform the financial sector through innovation. The company’s innovative technology solutions are already making a significant impact on the industry, and we look forward to working closely with the team to help them achieve their ambitious goals.”

What’s next for Next Gate Tech?

The latest funding round will enable Next Gate Tech to accelerate its growth and expand its product offering. The company plans to use the funds to invest in research and development, hire new talent, and expand its sales and marketing efforts.

According to Next Gate Tech’s CEO, Robert Bejger, the funding will also enable the company to enhance its existing solutions and develop new ones that address the evolving needs of the financial industry.

“We are thrilled to have DB1 Ventures on board as we continue to revolutionize the financial sector through technology innovation,” said Bejger. “The investment will allow us to accelerate our growth and bring even more cutting-edge solutions to our customers.”

Wrapping Up

The funding round led by DB1 Ventures is a significant milestone for Next Gate Tech.

It not only demonstrates the company’s potential but also highlights the importance of innovation in the financial sector.

With the new funds, Next Gate Tech is well-positioned to continue developing groundbreaking solutions that drive efficiency, enhance security, and improve regulatory compliance in the financial industry.

Recent posts

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.