fonYou Raises €7M in Growth Funding

fonYou, a Barcelona, Spain-based fintech company, secured €7m in growth funding.

Banco Santander’s Smart Fund made the investment.

The company intends to use the funds for future technology development and market expansion as it rolls out its fintech solutions across key regions – including Latin America and Europe, the Middle East and Africa.

Led by Fernando Núñez-Mendoza, Co-Founder and CEO, fonYou is a fintech company that provides payment and lending platforms to enable telecom operators, financial institutions, and brands to manage their business online. The new framework finance agreement will fund its product development program and strategic roadmap, as it expands its sector focus beyond telecoms to integrated digital finance enablement across global fintech and ecommerce markets. fonYou’s innovation roadmap is focused on delivering new technologies to enable the deployment of embedded finance solutions – including instant payment, “Buy Now, Pay Later” and credit modalities – in partnership with connected mobile operators, ecommerce, and the wider global banking ecosystem.  

The company is working with the world’s largest telecom operators serving more than 300 million consumers.

fonYou´s headquarters are in Barcelona, Spain and it has operations offices across Latin America and Africa.