Stanhope Financial: Raised in excess of USD 10 million for its Series A funding round

Stanhope Financial: Raised in excess of USD 10 million for its Series A funding round

  • Stanhope Financial is re-defining access for SME and MME to capital markets and transaction banking
  • The funding, led by venture capital firm Gate Ventures, will be used to develop the group’s product offerings
  • Group has seen substantial growth across its business divisions since it began operations in October 2021
  • Its SH Payments division, licensed as an Electronic Money Institution
  • The company’s SH Capital division, which is licensed in the DIFC, Dubai, allows institutions
  • Group has also been granted financial services licences by both the Bank of Lithuania
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

UK Banks Reject Opportunity to Lift £100 Contactless Limit

Major UK banks choose not to increase contactless payment thresholds.Highlights: UK banks will not raise the £100 contactless...

Crypto.com Cuts 12% of Workforce Amid AI Shift

The company streamlines operations in response to evolving market dynamics.Highlights: Crypto.com reduces workforce by 12%Focus shifts to AI...

Tide Strengthens Leadership with PPRO CTO Appointment

The fintech company welcomes a new chief technology officer to enhance its team.Highlights: Tide appoints ex-PPRO CTO to...

Visa Overcomes Legacy Issues with Unified API for Intelligent Authorization

New API aims to streamline payment processes and enhance security features.Highlights: Visa launches a unified API to improve...