SaaS player Tinubu Square raises €15 million
French software company for credit and surety insurers Tinubu Square announced a €15 million investment led by New York-based Long Arc Capital and the French investment bank Bpifrance. The company has raised a total of $94 million since its inception in 2000.
In 2018, Tinubu Square which has customers in over 20 countries and a global presence with offices in Paris, London, New York, Montreal, Mumbai and Singapore, launched its 5-year strategic plan to expand its global footprint and propel innovation. The company provides SaaS solutions and services to Credit and Surety Insurers that enable them to reduce significantly their exposure to risk as well as their financial, operational and technical costs.
“The early results of our 5-year plan have already been extremely successful. In just two years, we have more than doubled our annual recurring software revenue.” – Jérôme Pezé, CEO.
Tinubu Square intends to use the additional capital to target high growth international markets for Credit Insurance and Surety software.