Ivy, a Berlin, Germany-based open banking payments startup, raised $20M in Series A funding.
The round, which follows a $7m seed recently raised, was led by Valar Ventures, with participation from Creandum, 10x Founders and Angel Invest, alongside a number of angel investors.
The company intends to use the funds to accelerate its expansion into new markets and its product development efforts.
Founded in 2021, Ivy is building a global API for instant bank payments. The company aims to bring together instant bank payment infrastructures such as Pix, UPI, FedNow and Open Banking, among others, to a unified gateway.
The company says it currently accepts payments from consumers in over 50 countries, with connections to over 500 million consumer bank accounts.
FinSMEs
01/09/2023