Paris-based Fintecture raises €6.2 million to facilitate payments and accelerate merchants’ growth across Europe
Only a year after its commercial launch, Fintecture, a next-gen payment infrastructure, has announced an approx. €6.2 million seed round to continue its development and consolidate its vision by dedicating a significantly large equity pool to its employees. Traditionally considered as a cost centre and a cause of friction, payment should be used by merchants as leverage to accelerate their growth. With Fintecture, merchants have been able to increase their volumes by 15% and save 40% of their transaction costs, on average. With this funding round, Fintecture intends to augment its infrastructure with new services, such as Buy Now Pay Later, and accelerate its European deployment.