The Dutch startup Cobase came into the limelight back in late 2018 when it bagged an investment of €7.5 million from ING Ventures. The company has again raised a notable sum of €10M in Series A round from Nordic and French banks, who will now join the main shareholder ING as its shareholders. The fintech startup started out with offering a muti-banking solution for corporates and is now keen on expanding its services.
Two new shareholders join the team
The Nordic bank Nordea and the French Crédit Agricole CIB invested in Cobase for the latest funding round. With this, the Nordic and French banks are now shareholders of the company, along with the primary shareholder ING. The two new shareholders share the objective of becoming Cobase’s commercial partners. This fresh investment will be utilised by the company for further development of its offerings and expansion of its network and connected banks.