# Segovia Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/segovia-technology

- Industry: Software
- Headquarters: New York, US
- Website: www.thesegovia.com
- Total disclosed funding: $14M
- Latest round: Series A (Jul 14, 2015)
- Investors on record: 4

## About

Segovia Technology Co. specializes in providing innovative technology solutions for market access and financial inclusion, focusing on connecting underserved populations with essential services through their robust platform.Founded in 2014, Segovia Technology Co. is based in New York, US, and operates within the technology sector, facilitating financial access for previously marginalized communities. The company was co-founded by Michael Faye and Paul Niehaus. In April 2019, Segovia Technology Co. secured USD 13.787 mn in a Series A funding round, led by investors such as Flourish Ventures, Pershing Square Foundation, and The Lampert Foundation. This funding was significant in supporting the company's operations and growth. On April 4, 2019, Crown Agents Bank Limited, a portfolio company of Helios Investment Partners, agreed to acquire a 100% stake in Segovia Technology Co., with the transaction being completed in July 2019. The company has facilitated 4 deals to date.Segovia Technology Co. offers a suite of technology solutions that empower businesses and organizations to improve access to financial services. Their platform is designed to enhance connectivity and streamline operations for NGOs, governments, and private sector players aiming to reach underserved markets. The company's services include digital payment solutions, data analytics, and system integration, which are tailored to meet the needs of diverse clients across various sectors.Segovia Technology Co. generates revenue primarily through service contracts and partnerships with organizations that seek to implement their technology solutions. Their pricing model is structured around project-based engagements, allowing clients to access customized services that suit their operational requirements. The company focuses on building long-term relationships with stakeholders, ensuring clients continue to benefit from ongoing support and enhancements to their technology offerings.Segovia Technology Co. plans to expand its market presence by launching new product offerings aimed at enhancing financial inclusion for underserved populations. The company is targeting expansion into additional geographic regions within Africa and Southeast Asia by the end of 2023. Recent funding from the Series A round will be utilized to support the development of new features on their platform and to establish partnerships with local organizations in these regions. The acquisition by Crown Agents Bank Limited is anticipated to further bolster Segovia's capabilities and reach within the financial technology sector.

## Funding rounds

- Series A, Jul 14, 2015, $14M — The Lampert Foundation, Flourish Ventures, Pershing Square Foundation
- Seed, Jul 1, 2014 — Blue Collective, Flourish Ventures

## Investors

- Blue Collective (https://capitalatlas.ai/funds/blue-collective) — Seed
- Flourish Ventures (https://capitalatlas.ai/funds/flourish-ventures) — Seed, Series A
- The Lampert Foundation — Series A
- Pershing Square Foundation — Series A