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Search resuls for: "PSD2"


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Dutch payments fintech startup Fero has raised $3 million in a seed funding round from US hedge fund Coatue. The Amsterdam-based startup, founded in 2022, aims to improve the customer verification process at checkouts and decrease the level of abandoned purchases. Payment authentication, where customer identities are verified, has become much more crucial for businesses since the rollout of Europe's PSD2 Open banking regulations. Fero wants to reduce the level of friction customers face during this authentication process, the startup's cofounder and CEO Craig Savage said. The company went through the tech startup incubation program Antler before raising this $3 million seed funding round led by Coatue, alongside Volta Ventures and Antler.
Persons: Fero, Craig Savage, Savage, Coatue Organizations: Volta Ventures Locations: The Amsterdam, Madrid, Amsterdam
Fintech startup Brite Payments has raised $60 million in venture capital funding as it looks to scale its European operations. Founded in 2019, the Swedish firm is in the instant bank transfer space, a burgeoning sector of open banking known as account-to-account (A2A) payments. Based in Stockholm, Brite was founded by a former employee at buy-now, pay-later giant Klarna, Lena Hackelöer, and operates in 25 countries leveraging Europe wide open banking regulation, known as PSD2. Its latest capital injection comes from London fund Dawn Capital which led the round alongside Headline and existing investor Incore. You can check out Brite Payment's 10 slide pitch deck below:
Persons: Brite, Lena Hackelöer, Hackelöer Organizations: Dawn Capital Locations: Swedish, Stockholm, Europe, London, Sweden, Malaga, Spain
London-based fintech startup Volt is set to raise fresh funds, sources say. The company, founded in 2019, is in talks with VC firm IVP over a deal worth around $50 million. British fintech startup Volt is in talks to raise fresh capital from Silicon Valley investing firm IVP, sources say. The payments firm, founded in 2019, has already raised around $28 million to date and counts Swedish investor EQT Ventures among its biggest backers. Volt is set to raise around $50 million as part of the deal, two London-based sources said.
Persons: Slack, PSD2, IVP, Hopin, Tom Greenwood, Jordan Lawrence Organizations: EQT Ventures, Fuel Ventures, Open Finance Association, Open Banking, IFX Locations: British, Silicon Valley, London, Europe, Volt's, Brazil
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