Search Results for "PayPal Ventures"
4 results for "PayPal Ventures"
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Formance Raises $21M Series A to Build Modular Fintech Infrastructure
French fintech Formance raised $21 million in Series A funding co-led by PayPal Ventures and Portage to build modular banking infrastructure. The platform offers APIs for financial connectivity, payments orchestration, and ledgers, positioning itself as the 'AWS of fintech.' U.S. customers already account for 40% of revenue.
Prometeo Raises $13M Series A to Expand Open Banking Across Latin America
Prometeo, a fintech infrastructure provider offering a unified API for multi-banking data aggregation and payments across 283 financial institutions in 10 Latin American countries, raised $13 million in Series A funding. The round was led by Antler Elevate with participation from PayPal Ventures, Samsung Next, DN Capital, and others. The capital will fund regional expansion of its open banking offerings.
PayPal Ventures Invests £9M in Payments-as-a-Service Platform Modulr
Modulr, a UK-based Payments as a Service API platform, received a £9 million investment from PayPal Ventures. The funding will support product development, team expansion, and customer growth across lending, banking, fintech, travel, and accounting sectors. Modulr's total funding reached £63.3 million.
PayPal Ventures Invests in Brazilian Digital Bank Neon
PayPal Ventures made a strategic investment in Neon, a Brazilian digital banking fintech. The investment strengthens PayPal's presence in the fast-growing Latin American fintech market. Neon offers digital accounts and financial services to underbanked consumers in Brazil, aligning with embedded finance trends in the region.