Fundment to Hit £150 Million Valuation With Highland Funding

UK financial technology company Fundment is raising fresh funding at a valuation of about £150 million ($183 million), people with knowledge of the matter said.

Fundment is poised to raise £45 million in a series C funding round led by growth investment firm Highland Europe, the people said, asking not to be identified because the information is private. It plans to use the proceeds for product development, hiring and future expansion, according to the people.