Fintecture, a Paris-based B2B payment platform, has secured €26 million in a Series A fundraising round.
Existing investors Target Global, Samaipata, and Societe Generale, as well as angel investors, joined new investors Eurazeo, RTP Global, HEC Ventures, and Allianz Trade in this funding round.
Following a €6 million round in May 2021, Fintecture’s total capital raised to far is €32 million thanks to the latest fundraising.
In 2020, Fintecture will release a payment platform that it claims will help businesses save money, time (in the form of both employee and cash time), and enhance sales.
Fintecture claims to assist businesses increase operational efficiencies by digitizing payments and syncing data with invoicing and accounting processes, thus reducing the need for manual and paper-based operations.
The company is active in over ten different countries and has made it possible for over seven thousand enterprises to accept payments. More than 250,000 customers have used Fintecture’s platform to make purchases in-person, remotely, or through invoice cycles, the company claims.
The funding will be used to further the company’s presence in the French, British, and shortly the Spanish B2B payments markets. Fintecture wants to add 40 additional positions to its workforce of 80 in the next months. – More on fintechfutures
Source Link French start-up in paytech Fintecture secures €26 million in Series A financing
