Treasury management fintech Delega pockets £250,000 from
Summary
Platform allows treasurers and corporates to easily access and maintain digital signatory records while ensuring compliance with their banks requirements, a fintech platform designed to simplify how corporations manage their signatories across multiple bank accounts, has secured \xa3250,000 in a Seed round led by early-stage focused venture capital firm Jenson Funding Partners. Delega believes other solutions remain unfit for purpose, with corporates seeking a tool that allows them to manage this process on an end-to-end basis that includes easy communication and sharing of information between all their financial counterparts.Founded by a group of former corporate bankers, led by CEO Riccardo Balasmo, Delega set out in 2020 to create a simple and intuitive solution for the market having faced issues of managing bank signatories on a nearly daily basis themselves.It harnesses secure cloud technology by creating a bank agnostic single list of current authorised signatories. Using Delega, companies can give specific banks access to the information needed to create, remove and maintain signatory records. Our experienced team of treasury professionals and former transaction bankers is all too familiar with signatory pain points and recognised that a coordinated effort by corporates and banks was needed to truly address the issue. The company stood out to us as it offers a clear, concise solution for all parties, with easy access to all the required information to maintain signatory records.