Paris-based Fintecture raises $7.5 million in seed financing
Paris-based payment infrastructure provider Fintecture has raised $7.5 million in seed funding. The company is seeking to eliminate the limitations caused by a half-century-old system that was built around multiple intermediaries. The round was led by Target Global with Samaipata and Société Générale participating. On a global scale, this amounts to a $100 billion “industry” for payment providers. “The payment industry is going through a deep transformation.