Festina Finance Raises €25 Million at €200 Million Valuation to Expand in UK
Updated
Updated · thesaasnews.com · Jun 19
Festina Finance Raises €25 Million at €200 Million Valuation to Expand in UK
1 articles · Updated · thesaasnews.com · Jun 19
Summary
More than €25 million in growth capital will fund Festina Finance’s next expansion phase, valuing the Copenhagen-based pension and life-insurance software provider at about €200 million.
Birchway Capital led the round, backing Festina’s cloud-native modular platform for policy administration and its API-first advisory workbench for investment professionals.
The new money is earmarked for further development of Festina’s core life and pension platform, along with team growth and international expansion focused on the UK market.
Founded in 2007 by Morten Schantz, Festina sells system-of-record technology to pension funds, life insurers, banks and wealth managers seeking to modernize legacy operations.