Enfuce Raises €8.5M in Follow-on Funding


Enfuce, a Helsinki, Finland-based card issuer and provider of a payment processor, raised €8.5M in follow-on funding.

The round, which brought the total amount to €62M, was led by Vitruvian Partners with participation from Maki.vc and Visa.

The company intends to use the funds to set it up for its next phase of growth, positioning the business to win in the enterprise segment. Heading into 2024, this will accelerate the expansion across key European markets, such as Benelux, Germany, and France.

Led by co-fouders and co-CEOs Monika Liikamaa and Denise Johansson, Enfuce is a female-led card issuer and payment processor company that merges innovation, security, and expertise to create modular, cloud-based payment processing capabilities. It supports debit, credit, prepaid, gift, fleet and fuel card programs in any form – for consumer, commercial and B2B applications.

Enfuce is the partner of choice for innovative payments solutions for the likes of Pleo, OKQ8, and Memo Bank.