TLDR:
- Constantinople, a banking fintech, raises $50 million in a Series A round.
- The round was led by Prosus Ventures with support from Square Peg and AirTree.
Banking-in-box fintech Constantinople has secured $50 million in a Series A funding round. The investment was spearheaded by Dutch internet investment firm Prosus Ventures, with backing from existing Australian investors Square Peg and AirTree. Founded in 2022 by former Westpac managers Macgregor Duncan and Dianne Challenor, Constantinople had previously raised $23 million in a Seed round in May 2022. Prosus Ventures recently invested in healthcare startup Kismet alongside AirTree. Great Southern Bank, Constantinople’s first client, has also invested in the company. Constantinople offers an all-in-one software and operational platform for digital banking and plans to use the new capital to expand its presence in the US and other markets.
