Point72-backed Productfy raises USD 2.35 mln for fintech apps

Oana Ifrim

01 Dec 2020 / 5 Min Read

Point72 Ventures led the round and was joined by Envestnet Yodlee Incubator.

The company is also now working with a group of partners, including card issuer Marqeta, financial data provider Yodlee, banking partner Avidia and Equifax, to expand its underlying framework to offer additional functions and capabilities. There are another two or three banks that Productfy will be signing on in the next two months, Vo told Crunchbase News.

With the new funds, the company will deepen existing partnerships and invest in product development.

Productfy will be opening up a beta program for fintech companies developing debit and credit card programs in early 2021, Vo said.

Countries:

United States

Oana Ifrim

01 Dec 2020 / 5 Min Read

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

Categories

Payments

Fraud and Fincrime

Fintech

Crypto, Web3 and CBDC

Regulations

M&A and Investments

Current themes

A2A Payments

Payment Orchestration

TradFi and DeFi Convergence

KYC, KYB and Digital Identity