Venture Investment Fund invests in APIBank

OI

Oana Ifrim

08 Jan 2021 / 5 Min Read

The Russian-Belarusian venture capital fund became the first foreign investor of APIBank. As a result of the transaction, which was carried out in the form of a convertible loan, the startup received 120 million rubles.

APIBank creates embedded financial instruments, responding to business inquiries for complex, hybrid banking products. Service aggregators, for example, need not only to open an account for performers, but also to register them as self-employed and ensure a secure transaction between them and the customer - and all this in their personal account. 

APIBank standardises the data exchange process between banks and non-financial companies. In fact, the platform becomes a "one window" through which not only a bank can work with different companies, but also companies with different banks through a single interface.

OI

Oana Ifrim

08 Jan 2021 / 5 Min Read

sign up banner
the paypers logo

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.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright