Nemuru, the multi-financial technology platform that enables professionals in the service sector to offer their customers instant financing, has launched a new funding round with the participation of national and international investors, including InnoCells, the innovation hub and corporate venture vehicle of Banco Sabadell, and Bankia Fintech Venture, and the renewed commitment from Antai Venture Builder, Encomenda, Lánzame and the rest of their partners. International investors such as Plug and Play (US) and Scale Lab Andorra have also participated.
Venture Capital’s commitment to fintech and that of the financial institutions themselves to continue making strategic digital and technological investments that bring them new technological capabilities, talent and knowledge remain strong despite the current environment.
Meanwhile, Pol Navarro, Managing Director of InnoCells, states: “Our commitment to Nemuru’s technology platform reinforces Banco Sabadell’s commitment to offering the best customer experience at the point of sale, in multiple activity sectors”.
On the other hand, Ignacio Cea, Corporate Director of Innovation and Cybersecurity at Bankia, assures: “Supporting a startup like Nemuru reflects our commitment to promoting an innovative culture and developing new services for customers”.
In this Pre-Series A round, the startup has turned to leading investors with the aim of scaling its business model in Spain and starting its internationalisation process, with the strengthening of its team and the launch of new products. “Having the support of InnoCells, Bankia Fintech Venture and other leading investors reinforces our commitment to universalise in-store financing in a responsible manner. It is also a catalyst that will allow us to continue with a solid present and a very promising future: strengthening the quality of the product and technology and having a stronger market introduction through investment in marketing and the integration of new financial partners in the platform”, says Pere Monràs, CEO and co-founder of Nemuru.
Nemuru acts as an intermediary that allows companies and service sales professionals to offer financing channels of up to 30,000 euros immediately and flexibly to their customers in less than three minutes and through mobile phones, helping them to scale up their business thanks to the possibility of closing more sales with higher average amounts. Through a risk assessment of each customer, the best loan is generated, at a competitive price.
Nemuru, which started operations in January 2019, has surpassed the one million euro barrier of monthly managed assets and has gained the confidence of large customers such as Uponor, ISDI, Iron Hack or Nuclio Digital School, among others; and of various financial institutions such as Sabadell Consumer Finance. In addition, it has been selected as one of the first two fintechs in BBVA Open Innovation’s Fast Track Integration programme in Spain and as one of the most promising companies in Europe by NOAH Startups in 2019 in London.
