Insight Partners Leads $73M Capital Raise For UK Fintech Co.

Law360 (January 3, 2020, 1:40 PM EST) -- Receipt Bank, a U.K.-based company that provides an online bookkeeping platform for businesses, has secured $73 million from a group of private investors led by Insight Partners and plans to expand its offerings globally, the companies said Friday.

The Series C funding round also included participation from the likes of Augmentum Fintech, which is a U.K.-based venture capital investor focused on fintech, as well as existing Receipt Bank investors Kennet Partners and the Canadian Imperial Bank of Commerce, according to a statement. The fresh capital will be used by Receipt Bank to expand across Europe, Australia and North America. The investment...

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