Victor, a Fairmont, WV-based provider of a banking technologies solution, raised $6M in Seed funding.
The round was led by MVB Edge Ventures.
Led by Maf Sonko, Head of Strategy & Operations, and Charles Crupper, Head of Engineering, Victor provides banking technology solutions that simplify Bank-Fintech partnerships. Its APIs help Fintech companies embed financial solutions within their apps while its Vantage tools that make it easier for banks to onboard a wide range of Fintech clients in Gaming, Payments, Banking-as-a-Service and Digital Assets as well as enable oversight and monitoring on a single platform.
The company intends to use the funds to expand its service offering to include Push-to-Card payments and virtual card issuing, as well as to accelerate its Vantage suite of risk management tools for banks.
Since its founding in May of 2021, the team has built and released a suite of payment APIs to move money via ACH, wire and internal transfers. Additionally, Victor has built a proprietary virtual account ledgering solution with instant virtual account creation via API. This solution helps power mission critical settlement and transaction management.