Transactive Systems Ltd., a London, UK-based fintech company, raised $1.5m in seed funding.
AngelRush has made the investment.
The company is using the funds to expand its development efforts.
Led by Managing Director Noyan Nihat, Transactive develops transaction-processing software that enables single-source access to diverse payment systems such as Visa and Mastercard, Instant SEPA credits in Europe, Faster Payments in the UK, ACH in North America, and more.
The company’s primary software solution, Seymour, is a robust payment platform that interfaces with an infinite number of local systems. Developed and led by CTO Joerg Beekmann, Seymour enables businesses to manage the complexities of international commerce by providing them with an integrated solution that sends and receives payment over multiple channels, in multiple currencies, and in multiple languages using one universal format.