Vneuron, a Tunis-based company that specializes in software development and IT services, has just completed its second fundraising since its creation in 2007. Although the exact amount involved in this round of investment was not disclosed, Fateh Bel Hadj Ali, Executive Partner of Vneuron said Vneuron would use the new funding to conquer new international markets.
The investment which came from Tunisian American Enterprise Fund (TAEF), followed a previous one in 2017 from Africinvest — which was Vneuron’s first first fundraising round.
Tunisian American Enterprise Fund (TAEF) is fully a funded $100 million fund, backed by the U.S. Agency for International Development (USAID) for a 10 year term after the fifth year. TAEF expects to actively invest through 2027, at which point it would begin a period of winding down through exits and dis-investments.
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A Look At What Vneuron Does
Founded in 2007, Vneuron is a software publisher and one of the leading players in digital transformation, risk management and regulatory compliance as well as operational excellence for banks, insurance companies, credit institutions, corporations, asset management, stock market intermediaries, public administration, mass distribution and health.
Vneuron has more than 200 customers spread over three continents. Its solutions help institutions to effectively manage, in an integrated and end-to-end manner, the process of entering into relationships on digital and conventional channels, as well as compliance with regulations and the automation of business processes.
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By accelerating compliance and improving operational efficiency, Vneuron’s solutions help onboard customers quickly, improve market shares and improve the overall experience of customers and partners.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer
Vneuron funding