Enfuce closes EUR 45 mln in Series C

Monday 6 December 2021 11:16 CET | News

Enfuce, a Card-as-a-Service (CaaS) platform for card issuing and processing, has closed a EUR 45 million Series C investment round led by Vitruvian Partners.

The new capital will be used to further accelerate growth internationally as well as development of its technology platform.

Key applications of Enfuce include expense management, neobanks, fuel cards, loyalty programmes, as well as corporate and consumer lending.

Enfuce has over 13 million active card users on their platform for whom Enfuce processes close to EUR 1 billion transactions annually. In addition to Vitruvian Partners, the Company is backed by Tencent, and other early-stage investors. 

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: funding, neobanks
Categories: Payments & Commerce
Countries: Finland
This article is part of category

Payments & Commerce