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Token.Io Raises $40M To Expand Open Banking-Based Account-To-Account Payments In Europe
Amount Raised
$40 Million
Round Type
Funding Round
LondonOtherInformation TechnologyCommerce and ShoppingProfessional ServicesFinancial ServicesSoftwarePaymentsFintechDescription
The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents are finally adopting newer technology such as APIs to open their systems to modern integrations — is leading to a wave of new payment methods, all of which are hoping to become as standard as cash or paying with cards. In the latest development on this theme, a UK startup called Token.io has closed $40 million in funding to expand its own particular push in payments tech — account to account payments and accessing accounts for transactions by way of a single API — deeper into the UK and across Europe.
Fundz sees it the moment Token.io raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Token.io raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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