Swiss startup Appway is a global leader providing business process automation software with a focus on customer onboarding and customer lifecycle management for financial institutions. The company recently announced that it secured $37 million (nearly €33 million) investment from global growth equity firm Summit Partners, which represented the startup’s first-ever external capital raise so far.
Keen on expansion in global markets
Appway will use this investment to expand its product portfolio. Also, it will accelerate international growth while maintaining the entrepreneurial spirit that drives the company’s advancement since its debut. Already, the startup has eight offices across the world with its headquarters in Switzerland. The startup has announced that it will use the funding to support its global expansion initiatives in core markets such as Europe, the APAC region and North America. It will invest in its software, leverage cloud economies and flexibility to support customers and partners in real-time.