Marshmallow Raises $90M Investment

Marshmallow, a company dedicated to providing accessible financial products for individuals moving between countries, has secured $90,000,000 in new investment capital. This significant funding round underscores the company's progress in addressing a crucial market need for financial inclusivity. Since its inception in 2017, Marshmallow has focused on assisting the billions of people who encounter difficulties or excessive costs when seeking essential financial services after relocating. The company aims to dismantle these barriers, offering products that are often taken for granted by others. Its efforts have already resulted in insuring over 1 million individuals, positioning Marshmallow as one of Europe's fastest-growing companies with annual revenues exceeding half a billion dollars. The newly raised capital is intended to fuel Marshmallow's ambitious expansion plans. The company plans to deploy these funds to further product development, expand its reach to service more customers globally, and continue scaling its operations. This investment will also support Marshmallow in attracting top talent to its growing team of over 600 people across three countries, reinforcing its commitment to innovation and customer service. This funding round marks a pivotal moment for Marshmallow as it continues its mission to build more financial products and broaden its customer base. The company remains focused on its long-term vision of becoming a leading provider of financial services for an underserved global population, leveraging this capital to achieve sustained growth and impact.