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White & Case Advises Pollinate on Second Tranche of Series B Round

Global law firm White & Case LLP has advised fast-growing fintech company, Pollinate, on its second tranche of a Series B round.  

"We have helped Pollinate achieve yet another significant milestone as it accelerates its global growth strategy," said White & Case partner Guy Potel, who led the Firm's deal team. "Our long relationship with Pollinate is a great example of how White & Case partners with young technology companies, and supports them through each stage of their growth cycle."

The investment was led by National Australia Bank which has in parallel entered into a commercial partnership with Pollinate, through which it will implement Pollinate's platform to help its SME customers to better manage and grow their businesses.

Pollinate's model is to work with one leading bank in each geography and it is delighted to have National Australia Bank on board as its second leading bank, having partnered with NatWest in 2019. Pollinate's platform was rolled out in the UK by NatWest under the name Tyl by NatWest in September 2019.  National Australia Bank is likewise expected to embed the service into its digital banking offering under the name Merchant Hub. Other investors in Pollinate are Mastercard, Motive Partners and EFM Asset Management.  

Al Lukies CBE, Pollinate Founder and CEO, said: "Banks around the world have had a difficult decade, but they remain the only ones in the payment chain who can connect directly with both merchants and consumers. National Australia Bank is ideally placed to create a virtuous circle between the bank, its business customers and the communities they serve.  We are honoured to be their partner of choice in Australia."

The White & Case team in London which advised on the transaction was led by partner Guy Potel, with support from partners Lindsey Canning and Nicholas Greenacre and associates Helen Pantelides, Samirah Haujee, Tiffanie Chan, John Timmons and Benita Tibb. 

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