Buckzy Raises $14.5M Series A for Cross-Border BaaS Platform

Buckzy, a Canadian fintech founded in 2018, closed a $14.5 million all-equity Series A funding round on December 2, 2022. The round was led by Mistral Venture Partners and Uncorrelated Ventures, with participation from new investors Luge Capital and Blue 9 Capital, alongside existing investor Revel Partners. Buckzy operates a real-time cross-border payments and Banking-as-a-Service platform that enables embedded finance capabilities for its customers.

Since launching in 2020, the company has grown to serve over 140 customers including banks, neobanks, and fintechs. The funding comes amid a broader downturn in fintech investment, with global fintech funding having dropped 33% to $20.4 billion in Q2 2022. The capital is expected to support Buckzy's continued expansion of its BaaS and cross-border payment infrastructure.