According to IBSInteligence, the enterprise connectivity platform aims to use the funding in accelerating open banking adoption by organisations across Europe.
The fintech recently announced that in the last six months, its monthly recurring revenue has grown by over 500%. It has also quadrupled its headcount in London to 45 and has expanded into Italy, Ireland and France.
The company is currently working on increasing its total market coverage in Europe, with new territories added regularly.
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