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Centtrip raises £5 million in Series A funding ahead of US expansion

Centtrip has raised £5 million in its Series A round of funding, having closed a £2 million funding package with Clydesdale Growth Finance atop of further equity funding from founder-investors, angels and family offices.

UK-based, multi-award winning fintech Centtrip has raised £5 million in its Series A round of funding. The specialist in multi-currency treasury and payment solutions for internationally mobile businesses announced today that it had closed a £2 million funding package with Clydesdale Growth Finance. This comes on top of further equity funding from founder-investors, angels and family offices.

Jane Turner was appointed CEO at the start of 2020 and led the fund-raising.

“We are delighted to have successfully completed our Series A funding,” she said. “Having achieved this during one of the most turbulent economic climates in recent history reflects the confidence our investors have in the Centtrip value proposition.”

Sandra Hope and Usman Ali, Senior Directors, Growth Finance at Clydesdale said:

“Clydesdale Growth Finance is delighted to have completed a £2m funding package with Centtrip, a London HQ Fintech business. We welcome Jane Turner and her team to our portfolio of high-tech companies.”

The funds will be used to further develop the Centtrip platform, to expand into adjacent vertical markets and to establish the business in the US.

The Series A announcement comes as Centtrip was awarded its second high-growth award in six months.

Last week, Centtrip was ranked number 22 in Dun & Bradstreet’s inaugural Accelerate50 awards, a programme designed “to recognise the UK’s Top 50 fast growth technology companies across financial services, manufacturing, computer and communications sectors using Dun & Bradstreet’s recognised and trusted data and insights.”

Six months ago, the company also appeared in the 20th anniversary Sunday Times Sage Tech Track 100 awards

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