kevin. secured $65 million in Series A funding led by Accel.

kevin., a Vilnius, Lithuania-based fintech startup providing payment infrastructure for online, mobile, and physical sales, raised $65 million series A funding round.

The money was raised from investors led by Accel and joined by Eurazeo and all existing investors, including OTB Ventures, SpeedInvest, OpenOcean and Global PayTech Ventures. Additional investors in the round include Harry Stebbings, Founder of 20VC, Ilkka Paananen, CEO & Co-founder of Supercell and Amitabh Jhawar, Ex-CEO of Venmo.

kevin., founded in 2018 by CEO Tadas Tamošiūnas, developed a secure and developer-friendly account-to-account payments infrastructure accessible via an API. 

The tool is used by other businesses to accept payments directly from banks, cutting out the card networks and making payments process cheaper, faster, smoother and more convenient. The company also launched an API tool that cuts out credit cards as the middlemen in mobile payments, as merchants are able to accept payments directly from bank accounts for services like parking, taxis, car-sharing, deliveries and insurance. UniPark, the largest parking operator in the Baltics, is using the solution for in-app payments and reports paying 80 percent less on average for transaction fees.

kevin. also launched a NFC account-to-account payments solution a POS payments solution that allows customers to seamlessly pay from their bank accounts for goods in physical shops through existing card terminals using NFC technology. At the same time, merchants avoid card networks and increase savings on transaction fees.

kevin. previously raised $10 million in 2021 and €1.5 million in 2020 (both rounds dubbed seed).