‘A real honour’ – Co-Founder of Bracket on securing Malta Venture Capital fund investment

London-based fintech company Bracket has confirmed the participation of the Malta Government VC in its recent $7 million seed funding round, marking a notable development for Malta’s growing digital economy and fintech ecosystem.

In a LinkedIn post, Co-Founder Alex Charles described the development as a significant milestone, noting Malta’s importance to the company’s growth journey and thanking Malta Enterprise and key stakeholders for their support.

Bracket – an AI-enabled FX, treasury and cash management platform for mid-market businesses – recently raised $7 million in seed funding in a round led by Macquarie Group’s Commodities and Global Markets business and Blackfinch Ventures, with participation from existing investor Failup Ventures.

Founded in 2024 by industry leaders Alex Charles, Pierre Anderson and Martin Lee, the company provides finance teams with tools to automate workflows, centralise bank data and gain real-time visibility across treasury operations. The platform also follows a bank distribution model, licensing its technology to global financial institutions to help them deliver modern treasury tools to mid-market clients.

According to co-founder Pierre Anderson, mid-market companies are often expected to operate at the same level as large corporates but without equivalent technology, resulting in continued reliance on spreadsheets and manual processes. Bracket’s platform aims to address these inefficiencies through automation and AI-driven insights.

The participation of the Malta Government VC comes as part of the government’s broader strategy to strengthen Malta’s innovation ecosystem.

The Malta Venture Capital fund, launched in 2024, manages a €10 million investment pool aimed at providing equity funding to start-ups operating within innovative and digital sectors that contribute significant value to the Maltese economy.

First announced during the inaugural TechXpo in Malta, the fund attracted interest from 46 start-ups and 16 investors, with six already applying to co-invest private funds alongside the initiative. The Economy Ministry has described the fund as a key pillar in developing a stronger local start-up ecosystem.

When inaugurating the fund’s offices in 2024, Economy Minister Silvio Schembri said the initiative was designed to ensure a strong support framework for entrepreneurs.

“Through this fund we are ensuring that we have a strong ecosystem, with support and funding measures. We look forward to seeing start-ups develop their ideas through this support we are offering them,” he said.

The fund focuses on a broad range of sectors including fintech, AI, blockchain, ICT, life sciences, green energy, digital technology, video gaming and the film industry – industries identified as having high growth potential and the ability to generate high-quality employment.

Malta Venture Capital Chairperson Jesmond Gatt previously stated that the initiative aims to help companies expand operations and generate further investment opportunities within the next few years.

The latest funding round will support Bracket’s next phase of growth, including further product development, opening offices in Europe and Australia, and expanding its workforce.

The company is also scaling its presence in Malta, having recently opened recruitment for three new roles as part of the expansion of its local office: an HR and Office Manager, a Lead Engineer, and a Business Development Executive focused on pitching its bank connectivity and FX risk management platform across Europe.

The investment signals growing confidence in Malta as a base for fintech innovation, particularly as government-backed capital increasingly targets scalable, technology-driven companies with international ambitions.