Confidus Venture Capital Invests in Centiglobe, an Instant International Payment Solution Provider

Confidus Venture Capital recently revealed that it has concluded an agreement to acquire an equity stake in Centiglobe, a Stockholm-headquartered Fintech firm providing an Instant Global Payment platform.

Peter Dahlgren will reportedly be joining the Board of Directors. The total investment will “exceed EUR 5 million over the investment period,” the announcement confirmed.

Centiglobe is an Instant Global Payment provider with a tech platform that allows financial institutions and international corporations to “execute instant global payments across countries, continents and currencies.”

Centiglobe’s distributed ledger technology (DLT)-enabled platform has “the potential to disrupt the international payments industry as well as the corporate treasury liquidity management of today.”

Henrik Gradin, Founder at Centiglobe, stated:

“We are excited to have Confidus Venture Capital join us on our journey of developing the financial industry, offering instant

 global payments and automating payment processes. We are grateful to have Peter join the board. His experience from the financial sector including roles such as the CEO of Nordnet and Executive Board member at SEB will bring very valuable perspectives to automation and the financial industry which will be beneficial to us.”

Petter Sandgren, CEO at Centiglobe, remarked:

“Centiglobe will be using this infusion of funds from Confidus and other Angel Investors to invest further into its R&D capabilities to enhance the Centiglobe platform, secure patents as well as to further ramp up the sales and delivery capabilities in order to disrupt the international payments and treasury space.”

Confidus mainly focuses on “realizing long-term exponential growth in unique companies like Centiglobe, and raises its capital from experienced business people in control of their own funds.”

Peter Dahlgren, Co-Founder, Confidus said:

“The philosophy of Confidus is to invest in companies with a disruptive capability that are underpinned by the megatrends of digitalisation and automation. We invest in high value and exclusive companies that we can help build together with the management team. The international payments and treasury space will become disrupted by players enabling instant, cost-effective transfers.”

Peter added that they have been quite impressed with the Centiglobe platform and the payment automation services that the Centiglobe team is developing. He also noted that this is “very core to the changes that the payments and treasuries industries will be going through, and we are excited to be a part of this journey with a very talented management team.”

Centiglobe is a Fintech firm that has been incorporated in Stockholm, Sweden. The Centiglobe platform provides a single infrastructure that “delivers frictionless instant payments in a multi-currency environment.”

The platform aims to provide  a “decentralized, global solution that eliminates the need of the many intermediaries and that gives banks, financial institutions and businesses the possibility to send and receive payments globally.”

As noted in the update, Confidus Venture Capital is “a niche Venture Capital firm based out of Stockholm, Sweden focused on investing in innovative and disruptive companies driving transformational automation across industries.”

Confidus works with founders and management teams of businesses that “combine long-term transformational potential with solid short-term impact.” With a focus on business fundamentals, they help their portfolio companies “accelerate growth and realize their full potential.”