Fintecture raised $7.5 million in a seed funding round led by Target Global.

Spain Germany France 04 May 2021

Fintecture, a Paris, France-based software developer of a payment infrastructure platform, announced that it completed a $7.5 million seed funding round.

The money was raised from investors led by Target Global, joined by Samaipata, Société Générale and a number of angel investors.

Proceeds will be used for hiring more people as the company plans its further business growth.

Fintecture, founded in 2017 by Faysal Oudmine and Tatiana Rozoum, developed a bank to bank instant payment solution, which was commercially launched in France in 2020. The company is licensed as a payment institution in 30 EEA countries and has developed API integrations in most banks across Europe.

Total investments received (USD): 7.5M