Today brought the news that AP automater Glantus has successfully floated on the AIM Market of the London Stock Exchange under the ticker “GLAN”.
“We’re delighted to announce our successful fundraise and admission to AIM. It is an important step in our development and provides an excellent platform for expansion. Based on growth forecasts for the Accounts Payable automation market and an acceleration of digital business initiatives, we are extremely well placed to capitalise on the investment by companies in finance automation and analytics,” said Maurice Healy, Founder & CEO at Glantus.
The proceeds from the flotation will be used to support its current growth strategy, with plans to invest internally and through further acquisitions. Currently its solutions are offered to over 300 customers across EMEA and the US. According to reports, revenues increased over 150% to €8.5m between 20219 and 2020.
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