Paris-based B2B payments platform Fintecture has received €26 million in a Series A funding round. New investors Eurazeo, RTP Global, HEC Ventures, and Allianz Trade participated in the funding round, as well as existing investors Target Global, Samaipata, and Societe Generale, and angel investors also participated.
The new funding brings Fintecture’s total capital raised to date to €32 million, following a €6 million funding round closed in May 2021.
Founded in 2020, Fintecture helps merchants save time and money and increase sales through its payment platform.
Fintecture aims to address the problem of manual and paper-based transactions by helping businesses digitize their payments and synchronize their data with billing and accounting processes to improve operational efficiency.
The company operates in more than ten countries, enabling more than 7,000 businesses to collect payments. Fintecture says more than 250,000 shoppers have made payments through its platform, in-store, online, via remote sales or invoice cycles.
With the new investment, the startup plans to expand its operations in the European B2B payments space, with offices in France, the U.K. and soon Spain. Fintecture also intends to increase its workforce, currently at 80, by 40 new positions in the coming months.