Fanplayr Partners with PFG
E-commerce intelligence expert raises funding to support significant growth during the post-COVID-19 era
Fanplayr, a leader in online behavioral personalization and AI for the past 10 years, recently closed a funding round from Partners for Growth (PFG) to support significant growth in its business and customer base.
Read More: Frost & Sullivan Recognizes Menlo Security As A Growth And Innovation Leader In The…
PFG is pleased to announce the transaction with Fanplayr is an investment from its recently closed 6th global specialty lending fund, focused on providing growth capital solutions for emerging growth companies globally. PFG worked on the transaction from its offices in Australia and the San Francisco Bay Area, given Fanplayr’s strong connections to both markets and consistent with the technology entrepreneurial activity and partnerships between businesses in Australia and San Francisco.
This financing will allow Fanplayr to continue to expand its client base as it acquires new customers as well as providing capital to invest in new growth markets such as the UK, the Netherlands, Mexico and Brazil.
Karthi Sepulohniam, Managing Director at PFG based in Sydney noted, “We are excited to have the opportunity to support Fanplayr’s growth today and over the coming years, as they deliver e-commerce enablement and AI technology to global online businesses.”
Read More: SurveySparrow Chosen As A 2020 Red Herring Top 100 North America Winner
Fanplayr specializes in behavioral personalization and e-commerce enablement for online businesses in multiple verticals such as retail, travel, telco, entertainment, banking and B2B. Fanplayr Co-Founder and CEO Simon Yencken said of the PFG partnership, “It’s exciting for Fanplayr to join forces with PFG and to add a global financing partner to the mix. PFG’s funding will allow us to continue Fanplayr’s growth with enterprise businesses in multiple markets and sectors.”
Simon was introduced to PFG by Natasha Mandie, the managing director of EM Advisory, an advisor to technology companies throughout the world, and a resource with significant experience in the ASX IPO market. Simon was attracted to PFG’s ability to structure a flexible financing package that allows Fanplayr to deploy capital to fund growth opportunities and respond to market changes and opportunities.
Read More: Atos Named By Gartner As An Edge AI Technology Innovator For 2020
