Enfuce announced a $5.6M investment round from Nordea, LähiTapiola and Finnvera.

Enfuce Financial Services, an Espoo, Finland-based company providing cloud-based financial services, announced in a press release that it secured EUR 5M ($5.6M) in capital investment.

The funding was backed by Nordic investors including Nordea, LähiTapiola and Finnvera and will be used for international expansion and to recruit people across selected European markets to better serve the rapidly growing global client base.

Enfuce, founded in 2016 by Monika Liikamaa, CEO Denise Koskinen and William Ekström, developed a cloud-based payment infrastructure that provides products as a service to its customers. Products include payment-related issuing and acquiring services, customer authentication and back office services. The company has about 40 employees based in Finland, UK, Sweden and Spain.