Kevin Raises $65M Series A for Bank Payment Infrastructure

Kevin, a Lithuania-based payments infrastructure startup, closed a $65 million Series A funding round led by Accel, one of the largest Series A rounds for a European fintech in 2022. Kevin provides infrastructure that simplifies the integration of account-to-account payments directly with banks, enabling merchants and platforms to accept bank payments without relying on traditional card rails. The company's technology reduces the complexity of connecting to individual banking APIs across multiple European markets.

Based in Lithuania, a leading European fintech hub, Kevin benefits from the region's progressive regulatory environment for payment services. The substantial Series A reflects growing demand for direct bank payment infrastructure as merchants seek lower-cost alternatives to card-based transactions. The funding is intended to expand Kevin's bank connectivity network and accelerate product development across European markets.