Fintech startup Constantinople raises $50 million in Series A funding led by Prosus Ventures

Australian fintech startup Constantinople have announced that they have raised A$50 million (US$33 million) in a Series A round, which was led by Prosus Ventures, alongside their existing investors, Square Peg, Airtree and Great Southern Bank.

Over the past two years, Constantinople has built and launched a complete tech and operations platform for banks. Their platform enables banks to focus more on their customer relationships and the business of banking, instead of back-office tech and operational complexity. It’s an entirely new category of software which aims to fundamentally change and improve how banks operate.

Constantinople’s platform covers both retail and business banking, supporting a full product suite across transaction banking, payments, cards and lending, as well as mobile and web apps for improved customer experiences. Constantinople also handles operational activities on behalf of their client banks, using software and AI for customer onboarding, financial crime monitoring, fraud detection, banking and lending operations, and automated compliance and controls.

Constantinople’s platform is currently supporting its first client bank, Great Southern Bank, which has recently launched its new Business Bank in the market.