Cardlay secured $10M from existing investors.

Cardlay, an Odense, Denmark-based payment solution provider, announced the completion of a DKK 70M ($10M) capital investment round.

The funding was provided by existing investors including SEB Ventures and SEED Capital.

Cardlay, founded in 2016 by CEO Jørgen Christian Juul, aims working with banks and card issuers helping capitalize digitally on existing portfolios by offering new payment card functionalities via its software platform.

Cardlay is providing added value within cards, transactions, travel expense management, mileage, and VAT reclaim with a single software platform to issue, load, and manage cards and expenses globally for complete visibility and optimization in all processes.

Prior to this round, Cardlay raised almost $10M in funding from outside investors.