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OXO board clears investments in fintech, cybersecurity startups

Ecosystem

Listed holding company OXO Technologies on Friday said its board approved potential investments in Romanian fintech company Finqware and U.K. cybersecurity company BlockAPT, according to a report by state news wire MTI.

OXO wants to invest EUR 300,000 in Finqware, which offers banks core middleware data infrastructure, as part of a EUR 1m capital raise involving three other prospective investors that is under negotiation. Finqware will acquire its PISP (Payment Initiation Service Provider) license with the close of the investment round, allowing it direct access to banks' client data and afterward offer SMEs online banking services.

OXO's board also mandated further investor talks with BlockAPT on contributing up to GBP 420,000 of a GBP 2.5 million capital raise.

BlockAPT offers a cloud-based cybersecurity package that can be integrated with any IT ecosystem. It aims to use the fresh capital for its global expansion.

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