Cardlay announced raising DKK 60M in a round led by Global PayTech Ventures.

Cardlay, an Odense, Denmark-based payment solution provider, announced the completion of a DKK 60M ($10.6M) capital funding round.

The money was raised from investors led by Global PayTech Ventures, an investment company launched by Javier Perez, the former Mastercard Europe president. Javier Perez also joins Cardlay’s board as vice-chairman.

Existing shareholders Gundersen Family Office and the board chairman Torben Frigaard also contributed to the round.

Cardlay, founded in 2016 by CEO Jørgen Christian Juul, provides corporate cards and white-label solutions for banks and card issuers. Solutions include issuing, loading, and managing corporate cards as well as providing card management solutions for the bank’s corporate customers and their employees.

The company recently announced a partnership with one of the world’s largest processing platforms, FIS, to enable a fast-scalable and generic white label front-end solution to banks and card issuers.

Cardlay previously raised $20 million, with a last round of $10 million announced in 2019 and backed by SEB Ventures and SEED Capital.