UK fintech Kapaga scores £1.5 million from Target Global
With the new money in its kitty, the cross-border payment platform for SMEs is looking to expand across Europe to introduce mass global payments.
Many SMEs lack access to a modern payment infrastructure or are rejected by traditional financial services providers who are very rigid in the types of solutions they can offer their clients. Targeting this underserved segment of newly formed businesses, UK-based cross-border payment platform for SMEs, Kapaga has wrapped up a £1.5 million in funding round.
The investment was led by Target Global with participation from angel investors in the fintech space, including Chris Adelsbach, Andreas Mihalovits, and Mark Ransford.
With the new money in its kitty, Kapaga is looking to expand across Europe. This will allow the startup to build out its platform as it looks to introduce mass global payments and virtual cards in the coming months.
Launched in 2021 by Katya Dorofejeva, the platform is opening business accounts and providing multi-currency payment services to small and medium-sized companies in the U.K.
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Source: UK fintech Kapaga scores £1.5 million from Target Global – Tech.eu