Swoop’s Strategic Investment Fuels Expansion in the US Market
Highlights:
- $6 million investment from Sandbox Industries.
- Expansion into the US market to bridge the $1.2 trillion SME financing gap.
- Partnerships with major US SME-servicing companies like JustWorks, Flippa, and Sage.
Summarized Story:
Irish fintech Swoop has secured a $6 million investment from Sandbox Industries to fund its expansion in the US market. Swoop, a global funding and savings platform, connects SMEs with loans, grants, equity funding, and savings opportunities. The investment will help Swoop bridge the
$1.2 trillion SME financing gap in the US and deliver innovative funding and insurance solutions to small businesses. Swoop has also expanded partnerships with major US SME-servicing companies such as JustWorks, Flippa, and Sage, anticipating deeper market penetration.
