In December 2015, inQuba raised capital through an investment by Convergence Partners to accelerate the company’s global expansion plan. The inQuba investment is housed in Convergence Partners Fund I (CPI), with CPI holding a significant minority interest in inQuba.
inQuba has subsequently grown to incorporate operations across four continents, with operating subsidiaries in the USA, UK, South Africa, and Australia. The Convergence Partners funding has been utilised to continuously enhance the inQuba product and further grow inQuba’s global distribution. inQuba benefits from strong Convergence Partners’ strategic expertise, as well as continual input and guidance through active board participation.
The company’s strong growth path has opened new opportunities for investors, and the shareholders are in the process of considering D-round fundraising in order to further inQuba’s international expansion.