Pathena invests in ebankIT

▤ Summary

Venture Capital company ensures funds for the international expansion of Portuguese technology company and wants to enhance ebankITs statement as a world reference player in its sector The venture capital Pathena and ebankIT, the Portuguese omnichannel company result of ITSector 2014 spin-off, oriented to digital platforms development for the financial sector, signed an investment agreement with the objective of strengthen the growth and expansion of ebankIT internationally. According to António Murta, founder and Managing Partner of Pathena, this investment, embodied by the venture capitals entry into the shareholder structure of ebankIT, has two components: "First, a financial component, which ensures the necessary funds to accelerate the expansion of ebankIT, by creating conditions for the international growth of the company. "The digitization of banking was one of the areas identified as priority since the beginning of Pathena Fund and, in this context, the range of solutions for the digital and multi-channel business that ebankIT implemented in several geographies in Europe and Africa, generated high expectations of future value, "noted Antonio Murta. It should be recalled that in last February, ebankIT was awarded as “Best of Show” in London within the scope of the largest and most important trade fair for technological solutions aimed at the financial sector, at Finovate Europe. Founded in 2014 with headquarters in Porto and offices in London, ebankIT was created based on the technical staff skills and innovative products for the financial sector.

▦ Linked Companies

ebankIT

$10M to $25M