AGEFI presents Fintecture with the "Fintech of the Year 2023" award On June 13, at the Universwiftnet event, Fintecture received the "Fintech of the Year 2023" award.
Fintecture to showcase its payment innovations and take the stage at the Tech For Retail trade exhibition 28 & 29 November 2022, Paris
- This €26 million Series A round brings Fintecture's funding to a total of €32 million, following a €6 million round raised in May 2021.
- The funding will enable Fintecture to further extend its position as the leader in the European B2B payments market.
Fintecture, a pioneering next-gen B2B payment platform announces a new Series A funding round of €26 million with new investors Eurazeo, RTP Global, HEC Ventures, Allianz Trade, along with Business Angels including Olivier Pomel, founder & CEO of Datadog and Huey Lin, funding COO of Affirm, board member of Crypto and PayU, and existing investors Target Global, Samaipata and Societe Generale.
Since its launch in 2020, Fintecture helps merchants to save time (people time & time to cash), costs, and increase sales. Today, Fintecture's payment platform enables around 7,000 businesses to collect payments. Over 250,000 buyers have already paid with Fintecture via multiple sales channels: e-commerce, in-store, remote sales or invoicing cycle.
Unlocking the world’s largest market: B2B commerce
The B2B transactions market is massive, with more than 130 trillion euros traded annually between businesses. Yet more than 90% of transactions are conducted offline and more than 50% are still paid via manual or paper based solutions. Fintecture is solving this global problem by helping companies digitize their payments and synchronize their data with invoicing and accounting processes to improve how their business runs.
"B2B payments were left aside because of their high complexity, resulting in the predominance of paper based and time-consuming solutions. To help merchants fully digitise their B2B payments, we had to start from scratch and build new methods from first principles," says Faysal Oudmine, CEO of Fintecture. “The journey is very challenging, but totally rewarding as we witnessed our merchants save considerable time, costs, and increase their sales while using our B2B transaction platform.”
Acting as a trusted payment partner with strategic regulatory licenses
Fintecture recently obtained approvals to execute payment transactions and acquire payment orders. This is a major milestone as it will enable Fintecture to further its product advantage by improving payers’ UX, payments reconciliation and ensuring ever-greater transactions safety.
Achieving excellence in execution by attracting top talent
In two years, Fintecture has grown from 7 to 80 talents, attracting key employee from over 15 nationalities, working across Europe to support rapid international growth. In addition, 40 new vacancies will be announced in the coming months in Fintecture's entities in France and the UK, and soon, Fintecture Spain.
Launched in March 2020, Fintecture is spearheading the B2B transaction revolution. Currently operational in over 10 countries, Fintecture already enables more than 7,000 businesses to collect payments from 250,000 payers in France, Spain, and soon Italy, UK and Germany. Fintecture’s payment methods, built from first principles for B2B transactions, integrate seamlessly to all sales channels enabling merchants to save time, save costs and increase sales. Only two years after its launch, Fintecture partners with category leaders including Edenred, Auchan, the largest telecom operator in Europe, and a logistics & shipping global leader.
Fintecture is currently led by co-founders Faysal Oudmine, Anjan Som and Reda Charai.
Joanna Kirk: email@example.com
*Companies either leading their category or generating annual revenue over 1 billion euros
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