Tech Provider FintechOS Raises US$60M to Fuel Global Expansion April 21, 2021
FintechOS the London-based technology provider for insurers, banks and other financial services companies, announced it has raised US$60 million (€51 million) in Series B funding.
The round was led by venture capital firm Draper Esprit. Existing investors Earlybird Digital East, Gapminder Ventures, LAUNCHub Ventures and OTB Ventures also participated in the round. Further investors are set to be announced at a later date.
The funds will be primarily used to cement the company’s position in Europe and the UK and fuel international expansion to target financial institutions in Asia-Pacific, Middle East and Africa, and North America. This includes new offices in the U.S., Dubai, and Singapore, along with the addition of 120 new staff members resulting in a 40% increase in overall headcount.
Search
UK Fintech Payhawk Finalizes $20M Series A Round led by QED Investors, with Contributions from Earlybird VC Fund
UK-based Fintech
Payhawk, a company focused on developing the “financial system of tomorrow” that combines credit cards, payments, and expenses into “one experience,” has revealed that they’ve closed a $20 million Series A financing round.
The firm’s management noted on April 20, 2021, that this is “a major milestone for Payhawk and will support our mission to build the financial system of tomorrow.”
They added:
“With Klarna backers
QED Investors, we’re welcoming world-class investors on board. The continuous support of our early investor
Press release content from PR Newswire. The AP news staff was not involved in its creation.
FintechOS raises USD60 million in Draper Esprit-led Series B funding round to fuel global expansion
April 20, 2021 GMT
FintechOS Logo
LONDON, April 20, 2021 /PRNewswire/ FintechOS the global technology provider for banks, insurers and other financial services companies, today announced it has raised USD60 million (EUR51 million) in Series B funding. The round was led by Draper Esprit, a leading venture capital firm whose investments include Form3, ICEYE, Revolut, Thought Machine, UiPath. Existing investors Earlybird Digital East, Gapminder Ventures, LAUNCHub Ventures, and OTB Ventures also participated in the round. Further investors are set to be announced at a later date.
Fintech startup Payhawk has raised a $20 million funding round. QED Investors is leading the round with existing investor Earlybird Digital East also participating. Payhawk is building a unified system to manage all the money that is going in and out. Essentially, companies switching to Payhawk can replace several services they already use and that […]
Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
QED Investors leads $20 million round in Payhawk 3 hours ago Payments and expense management platform Payhawk has raised a Series A $20 million financing round led by QED Investors. Existing investor Earlybird Digital East, which led a $3.6 million seed round in March 2020, is also contributing fresh capital.
Payhawk acts as a one-stop-shop for integrated payments, invoices and expense management tools for finance teams that can serve businesses operating in 30 countries.
The company has posted 10x growth in 2020, and doubled its revenue in Q1 of 2021. Its customer base consists of a mix of fast-growing and multinational companies including LuxAir, Lotto24, Viking Life, ATU, Gtmhub, MacPaw and By Miles.