France-based payment infrastructure provider Fintecture has raised USD 7.5 million in seed funding.
The round was led by Target Global with Samaipata and Société Générale participating. Individual investors included operators and founders of Adyen, Affirm, American Express, Facebook Payments, Google, PayPal, and Snapchat.
The seed round is expected to accelerate the company’s deployment and goal of reaching 10,000 merchants as well as recruiting 30 new roles, and develop new service offerings, including the increasingly popular Buy Now Pay Later capability.
Fintecture was founded in 2017 and commercially launched in 2020. The company is licensed as a payment institution in 30 EEA countries and has developed API integrations in most banks across Europe.
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