Stanhope Financial Group, an Irish fintech company, has raised over $10 million in Series A funding. Gate Ventures led the round.
London: 9th May 2022: Stanhope Financial Group, an Ireland-based global fintech company that provides businesses with a full suite of banking services, has raised in excess of USD 10 million for its Series A funding round. The funding, led by venture capital firm Gate Ventures, will be used to develop the group’s product offerings, strengthen the management team, increase its market share, and prepare for the launch company’s upcoming affiliate digital assets division, SH Digital.
Stanhope Financial Group has seen substantial growth across its business divisions since it began operations in October 2021. Its SH Payments division, licensed as an Electronic Money Institution, offers businesses banking services to efficiently send and receive money globally, including FX, multi-currency accounts, and innovative payments solutions. The company’s SH Capital division, which is licensed in the DIFC, Dubai, allows institutions and family offices to gain access to premium global investment products across all capital markets. Its affiliate company, SH Digital, offers cryptocurrency liquidity and trading services. Stanhope Financial Group has also been granted financial services licences by both the Bank of Lithuania and (IPA) by Dubai Financial Services Authority (DFSA).