Konsentus, a London, UK-based, closed a multi-million-pound Pre Series A financing round.
The round was led by Mastercard and supported by other investors.
The company intends to use the funds to accelerate growth plan across Europe in late 2019.
Led by Mike Woods, CEO, Konsentus is a RegTech company that delivers SaaS solutions to Financial Institutions to enable them to be PSD2 open banking compliant and provide open banking services to their customers.
The company recently announced a new strategic relationship with Neonomics, a FinTech company that facilitates PSD2-compliant inter-bank communication to thousands of banks via one unified API, including an account aggregation and payment initiation offerings.
Clients of Neonomics will be able to access the Konsentus platform, thus ensuring they meet the new payment directive regulations, and safeguard their transaction account customers from unregulated or unauthorized third party providers.