Multi-currency fintech secures £3m investment to expand into new global markets
A London-based fintech has secured multi-million pound investment to support its international expansion.
3s.money has raised £3m in a Series B funding round, bringing its total value to more than £40m.
The firm, which enables corporates to accept and manage bank transfers in foreign markets, currently operates with offices in London, Dubai, Amsterdam, Luxembourg and Riga.
The new investment will support the company to expand its workforce as well as launch multi-currency business accounts with GBP, EUR and USD direct IBANs into new markets.
Ivan Zhiznevskiy, CEO of 3s.money, commented: “As an operationally profitable bank challenger serving a distinct segment of the market, it was great to receive such strong and quick support from the VC’s.
“We service mid-market clients from over 190 countries, supporting their high-value international payments through our extended correspondent network; a market that is dramatically underserved by both the pure online players and big merchant banks.”
Artyom Inyutin, co-founder and managing partner of TMT Investments said: “We are happy to support 3s.money in the new round and we believe that their excellent product will help companies to do business much better than traditional banks do.”
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