Fintech
Sydney-listed Irish insurance software firm Fineos raises €24m
Company said the financing will be used to provide general working capital and to fortify its balance sheet ahead of hitting positive free cash flow
Fineos, the Irish insurance software company listed in Sydney, has raised A$40 million (€23.7 million) via a placement.
The company said the new financing will be used to provide general working capital and to fortify its balance sheet ahead of hitting positive free cash flow.
The raise has been structured as a fully underwritten $35 million institutional placement with Fineos founder and chief executive Michael Kelly also committing to subscribe for an additional $5 million ...
