Currensea, Zeed, BKN301 and pfs
This week’s practical Friday financing summary of European fintech start-ups, with Currensea, Zeed, BKN301 and pfs.
London-based fintech Currensea have raised £ 1.35 million from over 350 investors on the crowdfunding platform Seedrs.
The capital takes the company’s total financing to date to 6.5 million pounds. Currensea says they will use the money to hire seniors and acquire new customers.
Currensea was founded in 2018 and aims to help customers save money when they travel.
It offers “the UK’s first” direct debit travel card and claims to save “at least 85% on every transaction” by reducing fees and charges imposed by banks.
Fintech startup Zeed has secured £ 205 000 in pre-seed financing led by SFC Capital.
Zeed poses £ 205,000 pre-seed funding
Based in London, Zeed is an investment platform that uses short-form videos to break down economic concepts and empower Gen Z investors across Europe.
It says the funding will be used to develop the product, expand the team and produce exclusive content.
Zeed aims to use verified internal video content to break down financial concepts for retail investors to build their confidence when making investment decisions. It plans to launch its app later this month.
“In the near future, the Zeeds platform will also allow users to invest directly in UK and US stocks in a TikTok-style feed,” the company said.
Salman Hussain, co-founder and CEO of Zeed, says: “One of the biggest barriers for Gen Z investors is developing their knowledge and confidence to decide what to invest in.
“We produce TikTok-style short-form content to make that part of the journey easy and engaging, in collaboration with financial institutions and verified content creators.”
San Marino-based BKN301a fintech company specializing in digital payments and bank-as-a-service (BaaS) has acquired € 15 million in Serie A funding, just months after completing the seed round.
The financing round has brought the company to a value of € 63 million.
BKN301 states that the capital raised will promote the development of the open banking platform’s technological infrastructure and maintain growth in rapidly growing markets such as Africa, the Middle East and Eastern Europe.
The round was led by the Swiss fund Abalone Group with participation from Azimut Digitech Fund, CRIF and GNB Swiss Investments AG, among others.
The company offers a BaaS and digital e-money platform, which enables third parties to offer financial services, payment and token issuance services.
Pfsa provider of life cycle management software and technology solutions for risk, has received one unknown sum from AnaCap Financial Partners.
AnaCap invests in pfs
With headquarters in Madrid with operations in Spain, Portugal and Mexico, pfs delivers software and technology solutions for financial services across lending activities, covering processes from origin to collection.
Pfs also offers data efficiency solutions implemented in banks to optimize credit risk.
The funds will be used to grow the company and expand into new markets.
Pfs claims to have doubled its revenue size in the last three years, with a customer base in 26 countries.
