Lithuanian fintech startup that provides advanced account-to-account (A2A) payment infrastructure to replace costly card transactions, Kevin.eu has raised $65 million in funding.
The Series A round was led by Accel, with participation from Eurazeo and existing investors, including OTB Ventures, Speedinvest, OpenOcean and Global Paytech Ventures.
Other angel investors including Harry Stebbings, founder of 20VC; Ilkka Paananen, CEO and co-founder of Supercell; Amitabh Jhawar, former CEO of Venmo also participated.
The Series A funding comes just six months after the company secured its $10 million seed round and brings the total funding raised to $77 million.
Founded in 2018, Kevin. offers innovative and convenient payment solutions that eliminate unnecessary intermediaries in the payment process.
The company has taken advantage of the huge opportunity presented by open banking.
Recently, the startup also dabbled in payments at point-of-sale terminals in physical stores by introducing NFC A2A payment solution with a seamless user experience comparable to that of a card payment.
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