Troy receives eight-figure investment sum

The start-up has a new investor in Transaction Capital - and he has big plans.

The start-up Troy from Lippstadt in North Rhine-Westphalia has landed an eight-figure investment sum in a Series A financing round. In the process, it has gained the South African financial services provider Transaction Capital as a new investor. Existing investors also remained on board as part of the round.

Transaction Capital isn't just investing money. The firm has a strategic goal. It wants to use Troy's debt collection platform to tap into new market segments in its home markets of South Africa and Australia. For Troy and its clients, that means the startup will soon be active in those countries as well. The partnership with Troy will enable Transaction Capital to tap into the Early Collection segment in its core markets, says Stephan Venter, group executive of Transaction Capital Risk Services. Early collection means the company takes on receivables immediately as they come due. The start-up then takes care of them further and contacts the debtors directly. In addition, according to Venter, Transaction Capital wants to strengthen its regional expansion into Europe and the USA in this way.