Tuesday 19 March 2024

Finboot

'What's that, boss?'

I've no idea, Voice.

'Why are you writing about it then?'

I've got to write about something.

'Why?!'

What?

'Why have you got to write about something?'

Don't get all philosophical with me, Voice. Not this early in the morning. I'm not in the mood.

So ...

Finboot.

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Or ... more ...

Today Finboot is announcing the completion of the first close of its latest funding round to accelerate the next phase of its growth strategy - with a particular focus on enabling companies and their net-zero transition through technology. This latest funding round has been led by a strategic investor together with Wealth Club. 

Wealth Club, you see? And not today.

'When then?'

Last week sometime.

'Oh.'

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No ... I suppose not.

Finboot helps its customers and partners accelerate their digital transformation, and by doing so helps them realise value and build trust through leading edge blockchain technology. 

Uh. Blockchain.

Finboot's solution, MARCO, enables companies to incorporate blockchain within their value and supply chains, bringing traceability, transparency and compliance which, in turn, helps them meet sustainability and environmental, track carbon emissions and social and governance (ESG) requirements while also increasing operational efficiency.

No endorsement from me, obviously, dear readers. I don't even know what this is all about.

It's all blockhead stuff to me.

'Maybe Nish knows, boss.'

Yeah, maybe.

'Well, aren't you going to ask him?'

Christ!

Nish?

Nish Kotecha, Executive Chair and Co-Founder, Finboot, says: "The investment by a strategic investor who has tried, tested and implemented our technology and Wealth Club is a huge vote of confidence in the Finboot team, our strategy and our technology proposition - our no-code / low-code platform, MARCO.

"Finboot is bringing the next generation of supply chain tracking solutions to market which will enable large businesses to comply with current and future ESG regulations across the globe and enabling their net-zero transition."

No, he doesn't know.

'Maybe Gayle knows.'

Oh, do me a favour!

Don't look at me like that.

Oh, all right.

Gayle?

Gayle Bowen, Director - Direct Investments, Wealth Club, adds: "We selected this investment in Finboot, as it meets our guiding principles of investing in commercially compelling companies whose missions have merit and which can deliver sustainable and attractive returns to our investors."

No, she doesn't know.

No one knows, man!

'Shame.'

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