The technology company from Alicante opens a new financing line with the Swiss investment fund for up to 20M€.
The agreement will allow Facephi to accelerate its expansion into more countries and industries.
Facephi has opened a new financing line with the Swiss investment fund Nice & Green in a transaction that will provide the technology company with a liquidity injection of up to €20M. The agreement has been closed with the aim of obtaining funds to help further materialise the expansion and growth plans foreseen for the coming years.
In this way, Nice & Green is once again backing the Spanish technology company’s business project and its business plan with the subscription of convertible bonds up to a maximum amount of the aforementioned €20M. The operation will be carried out in tranches, which Facephi will request according to the company’s needs and in response to its strategic expansion plan.
The funds raised will enable Facephi to boost the significant growth it is experiencing in different geographic areas such as EMEA, Asia, Latin America and North America.
Following the growth achieved in recent years driven by the financing obtained from the previous Nice & Green investment agreement, Facephi’s board has decided to turn again to the Swiss fund in a second round.
Javier Mira, CEO and president of Facephi, values the operation as “an important and necessary step to meet Facephi’s needs and boost the great growth we are experiencing. It is time to take advantage of the opportunities we have detected in new markets and this injection of liquidity will allow us to do so”.
Facephi named as Representative Vendor in the Gartner Market Guide for Identity Verification 2023.
