kevin., a Vilnius, Lithuania-based fintech startup providing an advanced A2A (account-to-account) payment infrastructure to replace card transactions, secured $65m in Series A funding.
The round was led by Accel, with participation from Eurazeo and all existing investors, including OTB Ventures, Speedinvest, OpenOcean, and Global Paytech Ventures. Additional investors in the round include Harry Stebbings, Founder of 20VC, Ilkka Paananen, CEO & Co-founder of Supercell, Amitabh Jhawar, Ex-CEO of Venmo, and other angels.
The company intends to use the funds to expand operations and business reach.
Led by Tadas Tamosiunas, CEO, and Pavel Sokolovas, COO, kevin. offers payment solutions that remove intermediaries in the payment process by leveraging the opportunity provided by open banking. Recently, the startup also stepped into POS terminal payments in physical stores by introducing an NFC A2A payments solution with a seamless user experience.
The Series A funding comes just six months after the company secured its $10M seed round and brings kevin.’s total funding to $77 million. Since the seed round, the team has grown to more than 170 employees working from 30 countries and the number of employees is set to almost double by 2023.
FinSMEs
03/05/2022