Corporate finance is experiencing the emergence of Fintechs with particular intensity. The backing this sector enjoys from the new generations, as well as its continuous need to raise capital, has led to financing rounds being a constant in this sector.
The sector of the fintech is one of the most active in corporate finance. In this post we analyse one of the latest operations carried out by Verse, a Spanish social payment tool.
One of the most recent deals in the financial technology sector has been led by Verse, a Barcelona-based social payment tool. This popular peer-to-peer payment app with more than 500,000 subscribers makes it easy, immediate and affordable to make transactions from anywhere.
It was the first Spanish payments fintech to obtain a payment institution licence in Lithuania, giving it the freedom to operate throughout the European Economic Area. This authorisation coincides with the closing of the seed funding round worth 7M€ which it will use to expand into other European markets such as Italy, France and Portugal.
OPERATIONS IN THE FINTECH SECTOR
PAYSEND
PaySend is a money transfer platform which allows you to send funds directly to any Visa, MasterCard and UnionPay card in more than 70 countries.
It has recently managed to raise a round of 4M£It will use the funds for its expansion plans and partnerships with financial institutions around the world.
SATISPAY
This Italian startup enables individuals to pay both online and offline to merchants that are members of its platform, exchanging money with friends and saving small amounts of money.
Despite the future round to be launched in the coming months corresponding to its Series C, last year, Satispay raised €15 million. This financing aims to bring in new international investors who can reinvest in the company and bring new synergies and contacts.
LEMON WAY
Lemon way is a European payment institution authorised to operate in 30 countries in Europe offering a wide range of payment solutions suitable for crowdfunding companies. In particular, their proposed solution includes a payment gateway, fraud prevention and control measures.
In their last round of funding they raised 10M€ which will allow it to continue its expansion in Europe, especially in Germany and the United Kingdom, as well as consolidate its presence in France, Spain and Italy.