Open Banking led to a FinTech boom — As Brite raises $60M, account-to-account payment grows
The move towards Open Banking payments, especially in the EU, effectively kicked-off the FinTech boom. Open Baking standards meant that FinTech startups However, they may now feel some heat from their other Stockholm-based neighbour, Brite Payments, which has today announced a Series A fund-raise of $60 million funding led by specialist B2B software investor Dawn Capital. Also joining the round was German/US VC Headline (the re-branded eVentures) and existing investor Incore (out of Sweden).
Source: techcrunch.com
