.jpg)
Saskatoon’s Coconut Software has raised a $28 Million Series B funding round to accelerate the growth of their market-leading appointment scheduling and lobby management solutions for financial institutions.
The financing round was led by Toronto’s Klass Capital and included all of Coconut’s existing investors including Information Venture Partners, ScaleUp Ventures, and Conexus Venture Capital Fund.
Coconut Software is used by leading banks and credit unions in North America to deliver an appointment scheduling experience that results in fewer no shows, higher Net Promoter Scores and better conversion rates.
The company has seen strong momentum over the last three years, achieving 100%+ year over year revenue growth, as financial institutions sprint to modernize their customer experience.
“We started Coconut Software with a clear mission to enable people to connect effortlessly with their financial institutions (“FIs”), when and how they want to. The value this brings to a bank or credit union’s customers and members has never been more clear, and we’re seeing a real race to adopt digital experiences,” said Katherine Regnier, CEO of Coconut Software.
Recently named one of Canada’s Top Growing Companies by the Globe and Mail, a Great Place to Work for Inclusion and Mental Wellbeing and a trailblazer for experimenting with a 4-day work week, Regnier has built an endearing ‘people first’ culture.