Startups
Helping banks unlock the power of payments data.
Creating the next generation of digital tools for small businesses, being deployed by banks around the world.
Over the past decade, the acquiring industry has grown from strength to strength, due to huge advances in technology, changes to regulation, customer demand and an increase in disruptive payment companies, challenging retail banks for ownership of their merchant relationships.
We are working with banks and enabling them to compete with these disruptors.
The Pollinate technology is an innovative cloud-based platform that wraps around a bank’s legacy payment systems. The platform powers merchant and consumer digital experiences including onboarding, portals and loyalty programs, without costly and distracting platform migrations. This allows merchants to more effectively manage their businesses with digital tools and data integrations, grow their businesses by connecting with their consumers, and give back to their local communities.
For banks, the Pollinate platform helps them to understand and engage with their customers better and build stronger relationships with their merchants and consumers alike.
In 2019 we successfully enabled Royal Bank of Scotland Group to re-enter merchant acquiring with NatWest Tyl, providing their business customers with a proposition developed with them at the heart (www.natwest-tyl.com).
Creating the next generation of digital tools for small businesses, being deployed by banks around the world.
Over the past decade, the acquiring industry has grown from strength to strength, due to huge advances in technology, changes to regulation, customer demand and an increase in disruptive payment companies, challenging retail banks for ownership of their merchant relationships.
We are working with banks and enabling them to compete with these disruptors.
The Pollinate technology is an innovative cloud-based platform that wraps around a bank’s legacy payment systems. The platform powers merchant and consumer digital experiences including onboarding, portals and loyalty programs, without costly and distracting platform migrations. This allows merchants to more effectively manage their businesses with digital tools and data integrations, grow their businesses by connecting with their consumers, and give back to their local communities.
For banks, the Pollinate platform helps them to understand and engage with their customers better and build stronger relationships with their merchants and consumers alike.
In 2019 we successfully enabled Royal Bank of Scotland Group to re-enter merchant acquiring with NatWest Tyl, providing their business customers with a proposition developed with them at the heart (www.natwest-tyl.com).
Overview
Location
United Kingdom, England, City of London
Employees
51-200
Total raised
$127.81M
Founded date
2017
Investors 1
| Date | Name | Website |
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Funding Rounds 2
| Date | Series | Amount | Investors |
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| Oct 31, 2019 | Funding round | $77.63M |
Mentions in press and media 11
| Date | Title | Description |
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| Apr 24, 2021 | UK Fintech Pollinate Says Financial Tech Firms Aren’t a Niche Market, as They Underpin Digital Financial Services | The United Kingdom has been touted as a world leader in Fintech, and it also has the “accolades” to back this position, according to a blog post by London-based Pollinate, a global software business that teams up with banks to assist them w... |
| Mar 22, 2021 | Pollinate secures $50m Series C funding for US expansion | Merchant services platform Pollinate has raised $50 million in a Series C round led by Insight Partners. London-based Pollinate has raised $218 million to date The round also includes participation from existing investors, including NatWest... |
| Mar 20, 2021 | Pollinate raises €42 million Series C funding round | Britain: Pollinate, the global software business that partners with banks to help them deepen and extend relationships with their business customers, today announced it has closed an approx. €42 million Series C funding round, led by Insigh... |
| Mar 19, 2021 | British fintech startup Pollinate announces €42 million to further global expansion | Pollinate, the global software business that partners with banks to help them deepen and extend relationships with their business customers, today announced it has closed an approx. €42 million Series C funding round, led by Insight Partner... |
| Mar 19, 2021 | Pollinate closes $50m funding round | Pollinate, a merchant acquiring startup founded by former Monitise chief Alastair Lukies, has closed a $50 million Series C funding round led by Insight Partners and joined by NatWest, Mastercard and NAB. Pollinate offers a cloud-based plat... |
| Mar 19, 2021 | Insight Partners leads UK fintech startup Pollinate’s €42M Series C funding round | Pollinate is a software business that focuses on reinventing merchant acquiring for banks around the world. The company is formed of experts and global industry leaders from the financial services, merchant acquiring, loyalty, and technolog... |
| Mar 18, 2021 | Pollinate Raises $50M in Series C Funding | Pollinate, a London, UK-based global software business that partners with banks to extend relationships with their business customers, closed a $50m Series C funding round. The round was led by Insight Partners, with participation from all ... |
| Mar 18, 2021 | London-based fintech Pollinate raises $50 million in Series C round | London-based fintech Pollinate has closed a $50 million Series C round. The funding is expected to propel further expansion in existing markets and spearhead movement into North America. The Series C round was led by Insight Partners, and s... |
| Oct 31, 2019 | Pollinate Launches With £60M in Funding To Date | Pollinate, a London, UK-based provider of a new merchant services platform, has launched with £60m in funding to date. Backers included RBS, Mastercard, Motive Partners and EFM Asset Management. Conceived in 2017, Pollinate provides a cloud... |
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FAQ about Pollinate
When was Pollinate founded?
Pollinate was founded in 2017.
How much funding has Pollinate raised?
Pollinate has raised $127.81M in total across 2 funding rounds.
What funding rounds has Pollinate raised?
Parsers VC lists 2 funding rounds of Pollinate, among them a funding round of $77.63M on Oct 31, 2019.
What has the press written about Pollinate?
Parsers VC has collected 11 articles mentioning Pollinate, among them “UK Fintech Pollinate Says Financial Tech Firms Aren’t a Niche Market, as They Underpin Digital Financial Services” (Apr 24, 2021) and “Pollinate secures $50m Series C funding for US expansion” (Mar 22, 2021).
Is Pollinate still active?
Yes, Pollinate is active; its latest activity on Parsers VC dates from May 24, 2021.