PARIS, Oct 3 (Bernama-BUSINESS WIRE) -- Tinubu Square, a leading provider of trade credit risk management solutions, announces the investment of €53 million from Long Arc Capital and Bpifrance to accelerate the development of its technology solutions for credit and surety insurers, trade finance banks and export credit agencies. With this capital injection, US-based investment firm Long Arc Capital takes a majority stake in Tinubu Square, while Bpifrance, a shareholder since 2011, reaffirms its role as a long-term shareholder by participating in this strengthening of equity capital through its fund Large Venture.
A key step in the evolution of Tinubu Square, enabling digital transformation of the trade credit industry.
The equity capital increase will enable Tinubu Square to pursue growth in areas where the company already operates (Europe, North America and Asia-Pacific), evolve its solutions and open up new market segments.
The French software provider intends to invest in R&D to address new markets (financial institutions, including multinational banks and factoring companies) and to continue to develop ground-breaking solutions for credit insurance, surety and bonding companies.
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