UK-based fintech startup yetipay has secured €4 million in a debt facility round, backed by Berlin’s re:cap. This funding will help yetipay enhance its payments platform, focusing on the hospitality, retail, and services sectors. As the first UK company to access re:cap’s €125 million credit facility, yetipay aims to revolutionize payment solutions and strengthen its market position. Read more.
yetipay Raises €4 million in Debt Facility
yetipay, based in the UK, has raised €4 million in a debt facility funding round. Key investors include re:cap. Read more.
yetipay, a UK-based fintech startup, has raised €4 million to develop its payments platform. This funding will help yetipay expand its services in the hospitality, retail, and services sectors. The company secured a debt facility of up to €2 million from Berlin-based fintech re:cap. yetipay is the first UK business to use re:cap’s €125 million credit facility. This strategic partnership will enhance yetipay’s market position and drive innovation in the payments industry.
The new funding will allow yetipay to introduce new products and scale its operations to meet the growing demand for seamless payment solutions. By focusing on the hospitality, retail, and services sectors, yetipay aims to provide businesses with a robust platform that simplifies transactions and improves customer experience. The collaboration with re:cap provides financial backing and opens opportunities for further growth and development. This positions yetipay as a key player in the fintech landscape. With this investment, yetipay is poised to make significant strides in transforming the payments ecosystem.
Exein Raises €70m in an Undisclosed Round
Exein has raised €70m in funding. Read more.
Exein, a company specializing in IoT cybersecurity, has secured a significant investment of €70 million. This funding round highlights the growing importance of cybersecurity solutions in the expanding IoT sector. Exein’s innovative approach to securing IoT devices has attracted substantial attention. The investment will likely enhance their technology and expand their market reach.
The substantial funding underscores the confidence investors have in Exein’s potential to address critical security challenges in the IoT ecosystem. As the number of connected devices grows, the demand for robust cybersecurity measures becomes vital. Exein’s solutions integrate seamlessly with existing IoT infrastructures, providing comprehensive protection without compromising performance. This latest investment round is expected to accelerate Exein’s development efforts and support its mission to safeguard the future of IoT technology.
KUN Raises $50m+ in an Undisclosed Round
KUN, based in Asia, has raised $50m+ in funding. Read more.
KUN is a fintech company focused on stablecoin-based payment solutions, especially for cross-border transactions. Since its inception 20 months ago, KUN has raised over $50 million, highlighting the growing interest in its innovative approach to financial transactions. By leveraging stablecoins, KUN aims to offer a stable and efficient alternative to traditional fiat currencies.
The company’s platform facilitates cross-border payments and integrates embedded finance solutions, allowing businesses to incorporate financial services into their operations. This dual approach reduces volatility and transaction costs in international payments.
