LOQR closes financing round of €8M

23 June 2021
Our partner LOQR, a Portuguese startup of digital solutions for financial institutions, closed a series A financing round and will receive an investment worth 8 million euros.

The round was led by Iberis Capital and Semapa Next, and counted with other former fintech investors such as BIG Start Ventures, EDP Ventures, HCapital (with Proef's participation) the latter two through funds in partnership with Banco Português do Fomento.

The investment will be used to expand the company internationally in Europe, Middle East, and Africa region and increase the team with more 40 people, at least.

"This investment will allow us to focus our dedication in a broader geographic area, towards sustained internationalization. And, to achieve this goal, we will grow at the most diverse levels – people, development, technology, and innovation – but always with the same ambition: to be the market leader in which we operate." - Ricardo Costa, Founder and CEO LOQR.

"We are delighted to continue to support LOQR's business development. This new round of funding will contribute to consolidating the leading position of LOQR's digital integration platform and accelerating its international expansion." - Gonçalo Sousa Coutinho, Director HCapital.

Among LOQR's clients are banks such as Activo Bank, Banco Montepio, Banco Português de Gestão, Banco Santander, BiG, Caixa Geral de Depósitos, Montepio Crédito and Novo Banco.