Originate Secures Investment from Pacific Growth Investors for Financial Software
Originate, a US and Europe-based fintech, secured an undisclosed investment from Pacific Growth Investors in January 2018. The funding is designated for working capital and international expansion efforts. Originate specializes in building software for financial services institutions, focusing on redesigning legacy banking systems through collaborative client partnerships.
The company's development tools and platform approach align with the broader trend of modernizing banking infrastructure to support embedded finance use cases. Pacific Growth Investors' backing signals confidence in software platforms that help banks and financial institutions digitize and scale their offerings. The investment positions Originate to expand its footprint in both the US and European markets where demand for banking software modernization is growing.
- Highlights demand for software platforms that modernize legacy banking systems, a key BaaS enabler
- International expansion of banking infrastructure software increases competitive pressure on incumbent providers