Developer of a crypto-payment network and API ecosystem designed to create a bank-hosted payment system for the digital era. The company's open banking platform offers an alternative to today's traditional and digital payment systems by providing banks with a flexible digital transaction management environment to establish PSD2 compliance, generate new revenues and valuable customer profiling data, heighten digital payment security and eliminate fin-tech disinter-mediation, enabling banks to quickly and cost effectively comply with the directive before the deadline and monetise their investment in PSD2.
Startup
Privately Held (backing)
Venture Capital-Backed
The company raised $18.67 million of Series A venture funding in a deal co-led by EQT Ventures and Octopus Ventures on July 14, 2017. Digital Currency Group, Plug and Play Tech Center, OP Financial Group and other undisclosed investors also participated in this round. The money will be used to expand in Europe to help banks "generate new revenues" from the upcoming Payment Services Directive (PSD2) regulation.
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