INVENIO Partners and PostScriptum Ventures jointly invest in Software Group
29 Dec, 2023
INVENIO Partners (“INVENIO”) are pleased to announce an investment of up to EUR 6 million in Software Group, a global leader in providing technology solutions to the finance sector. Additionally, PostScriptum Ventures (“PostScriptum”), already an investor in the company, will contribute up to EUR 3.5 million, bringing the total investment to EUR 9.5 million. This significant funding will support Software Group’s continued growth and innovation in financial technology.
Founded in 2009 Software Group has solidified its position as a globally recognized technology provider in the USD 100 billion digital financial services industry serving a diverse client base comprising more than 200 banks, governmental bodies, central banks, telecoms, fintechs, and other financial institutions across more than 70 countries. At the core of Software Group’s offerings are DigiWave, its award-winning digital banking platform and prebuilt solutions that contribute to a better digital financial ecosystem, impacting positively the lives of more than 100 mln people worldwide. The company empowers its clients to lead digital banking transformation and innovation, accelerate financial inclusion, establish nationwide payment and financial service platforms, support SME growth, and contribute to building a modern digital economy.
For Software Group, the investment represents not just financial support, but a partnership that will fuel its mission to revolutionize the way financial services operate globally. The new investment will fortify Software Group’s leading position in the market and secure its growth strategy as it continues its mission to create pioneering solutions enabling next-generation financial and public services.
Elvin Guri, CEO of INVENIO Partners, commented, “Taking place at an inflection point for the company, this investment reflects our confidence in Software Group’s potential. We are excited to support their journey towards further global expansion and digital innovation.”
Kalin Radev, CEO of Software Group, stated, “We are immensely grateful for this partnership with INVENIO Partners and the continued support from PostScriptum Ventures. Their investment will enable us to enhance our product offerings and extend our market reach, reinforcing our commitment to driving digital transformation in emerging markets.”
Dimitar Enchev, CEO of PostScriptum Ventures, added, “Having supported Software Group for several years now, we have seen clearly its potential. This investment is evidence of our continued confidence in the future of the company.”
Penkov, Markov & Partners provided legal advice to INVENIO Partners.
INVENIO Partners manages a private equity and growth equity fund INVENIO Partners Fund II SCSP focused on investments in Southeast Europe. INVENIO Partners has experience in promoting and helping companies realize their full potential and enhance their performance by providing growth capital, strategic guidance, and operating support to strong management teams. INVENIO Partners discovers companies with a solid track record and potential for a leadership position in their respective industry with competitive business models and an experienced management team. The fund is supported by the European Investment Fund (www.eif.org) as its anchor investor, while also bringing onboard multiple reputable investors, including among others two of the leading pension fund managers in Bulgaria.
For further information, please contact:
Tihomir Dyankov, Chief Investment Officer
or learn more at https://invenio.partners/
PostScriptum Ventures is an investment group with a broad portfolio of investments in decarbonization, sustainability, and technology. Established in 2006, PostScriptum and its subsidiaries have been among the global pioneers in the energy transition.
For further information, please contact:
Bogomila Galaboff, Head of Communications
or learn more at www.postscriptum.com
Software Group is a global technology company specialized in digitalization and integration solutions for financial service providers. It currently serves a worldwide client base in more than 70 countries from 9 regional offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, the Philippines, and the USA. Among the customers of Software Group are organizations like Bill and Melinda Gates Foundation, Mastercard and Mastercard Foundation, International Finance Corporation (IFC), Asia Development Bank, Asia Confederation of Credit Unions (ACCU), Standard Bank, Access Bank, Bank South Pacific, Commercial International Bank Egypt, Bank de Caire, Dosh New Zealand, Allianz Bank, Eurobank, Generali, Fidelity Bank Ghana, Kenya Commercial Bank and more than 200 financial service providers from across the globe.
For further information, please contact:
Kalin Radev, Chief Executive Officer
or learn more at www.softwaregroup.com