BMO provides $37 mln of debt financing to VC-backed Kony
BMO's Technology and Innovation Banking group has provided US$37 million of debt financing to Kony, an Austin, Texas-based digital and mobile application development company. The investment includes US$10 million of new financing. The proceeds will be used by Kony to accelerate the growth of Kony DBX, a digital banking solutions platform, and Kony Quantum, a low-code solutions platform. Kony secured about US$112 million prior to the BMO deal, according to Refinitiv. That includes 2014's US$50 million round led by SoftBank Capital and Insight Venture Partners, and joined by Georgian Partners and others.
30 July 2019•4 mins read
