Tintra PLC has secured a subscription for an additional $250,000 investment under its current $10 million funding round, to help drive its next stage of strategic growth and advance its RegTech business unit.
The investment will be made via a private equity professional located in New York City and will form part of a larger 7-figure investment by his Family Office, due to be announced during March 2022.
A fast-growing Regulatory Technology company committed to revolutionising the global marketplace, Tintra is building emerging market focused banking infrastructure driven by patentable artificial intelligence that will enable institutions, EMI’s, multi-nationals, Governments and large corporates in the emerging world gain level playing field access to global banking systems in a way that understands their geographic need.
Tintra is utilising a number of Artificial Intelligence and Machine Learning internal and external experts in its development of advanced, end-to-end AI tech [some already patented] that will revolutionise how compliance between developed and emerging market economies works.
Richard Shearer, CEO of Tintra PLC, confirmed: “I am extremely pleased to have on board this new partner and investor. One that shares our artificial intelligence driven vision of revolutionising how emerging markets directly benefit from financial inclusion.
The family have deep private equity experience and those insights have already started to assist in our thinking. I know this is something that I will draw on, and will add value for the board and shareholders, over the coming months and years as we build out our game changing model.”
This announcement follows an initial $3 million investment secured in January 2022, under the first tranche of the $10 million funding round.
Publicly listed on the AIM market of the London Stock Exchange and the OTCQB Venture Market in New York, Tintra PLC has recently welcomed diplomat, author and entrepreneur, Dr Vanessa Neumann to its Board as an Independent Non-Executive Director.