التكنولوجيا وأخبارها بوابة الإمارات لتكنولوجيا المعلومات والإتصالات
Current investors Long Arc Capital and Bpifrance provide additional fuel for increased ambition
Tinubu Square, the market leader for enterprise software solutions to Credit and Surety Insurers,
announces an additional investment of €15M by New York-based Long Arc Capital and the French investment bank Bpifrance.
Advancing Tinubu Square’s Strategic Goals
In 2018, Tinubu Square launched a 5-year strategic plan to expand its global footprint and propel innovation.
“The early results of our 5-year plan have already been extremely successful,” said JérômePezé, CEO.
“In just two years, we have more than doubled our annual recurring software revenue.”
“We have a clear vision of what we need to do to achieve our goals over the next three years,” added Olivier Placca, Deputy CEO.
“Our teams, our shareholders and our partners are all aligned and committed to our mission.”
Tinubu Square intends to use the additional €15M of capital to target high growth international markets for Credit Insurance and Surety software.
An ambition supported by Long Arc Capital and Bpifrance
At the end of 2017, Long Arc Capital and Bpifrance invested €53M in Tinubu Square.
has significant experience in partnering with entrepreneurs to build category-leading businesses.
“The Tinubu team has performed incredibly well over the last few years,” said Vincent Fleury,
Tinubu Board Member and a Partner of Long Arc Capital.
“The business is now poised to become the market-leading enabler of digital transformations for the Credit and Surety Insurance industries
. With this additional capital, we expect Tinubu will achieve new levels of success in the U.S. as well as in the rest of the world.”
Bpifrance,invested in Tinubu Square since 2011,
continues to demonstrate its mission as a long-term stakeholder enabling entrepreneurial projects to deliver their full potential.
Nicolas Herschtel, Deputy Managing Director of Large Venture, the Growth fund of Bpifrance,
applauded Tinubu Square’s international development which, according to him, is a wonderful example of world-leading technology originating from France.
