News – Venture Capital & Private Equity practice
11 April 2017
Cresco acted as lead counsel to The Glue, the international Fintech provider of next generation infrastructure for financial institutions, in its 5 million euro financing round led by Swiss and Silicon Valley based Polytech Ecosystem Ventures and its existing investors.
The Glue has developed an international next generation infrastructure that allows financial institutions and insurance companies to become active players in a fast moving mobile and digital landscape.
The solution “glues” front-end channels and API-ecosystems to existing banking systems and supports the rapid creation of new products and offerings. Rich digital banking services, accelerated integration and innovative data capabilities are key drivers in the design of The Glue’s product.
Polytech Ecosystem Ventures is an early stage VC firm with permanent presences in Switzerland, Silicon Valley and Luxembourg.
Co-founders Jürgen Ingels and Stefan Dierckx: “Cresco has provided us strategic counsel from The Glue’s inception through its Series A investment round. We are very pleased with their deep and solid expertise in supporting technology entrepreneurs.”
More information on the transaction can be found in De Tijd.