Paris-Based Next-Gen B2B Payment Platform Fintecture Lands €26M

B2B payment platform Fintecture gathers funding of €26M to redefine the payments industry Fintecture, revolutionizing the B2B payment world nets funding of €26 million in a Series A round including investors  Eurazeo, RTP Global, HEC Ventures, and Allianz Trade. Some of the biggest angel investors were Huey Lin (funding COO of Affirm, board member of Crypto and PayU) ,Olivier Pomel (founder & CEO of Datadog), existing investors Societe Generale and Target Global, and Samaipata. Fintech, especially B2B payments, has flourished a lot as per the recent stats fintech industry will grow up to $305 billion by 2025.  Disrupting the banking industry , fintech apps and platforms have become absolutely common and also the utmost need of businesses. Integrating different payment methods, apps  or platforms, businesses are making the payment processes easy and reliable. In the coming decade, fintechs are going to take over the globe and more and more businesses are going to have or launch fintech to get rid of traditional payment methods and lethargic banking systems.

Fintecture:Bringing Revolution in B2B Payment Industry

Founded in 2020 by Faysal Oudmine, Reda Charai, and Anjan Som. The startup  is helping companies digitize their payments and combine their data with invoicing and accounting processes to improve the way how their business operates. Faysal Oudmine, CEO of Fintecture

“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 digitize their B2B payments, we had to start from scratch and build new methods from first principles.” 

Rightnow, fintech is operational in over ten countries enabling more than 7,000 businesses to collect payments from 250,000 payers in France, Spain, Italy, the UK, and Germany.