Brief: FinArch secures EUR4.5 million funding

Brief: FinArch secures EUR4.5 million funding

Brussels-based Financial Architects (FinArch), a provider of component-based financial reporting and business intelligence software, has secured private funding worth €4.5 million.

The additional investment has been put up by existing investors FLV Fund, NIB Capital and Artesia Banking Corporation, as well as from FinArch management subscribers.

Dirk De Beule, president of FinArch, says the new funding will enable the company to support further expansion internationally. FinArch currently has offices in Belgium, USA, UK, Spain, Luxembourg and France.

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