5 years ago

Token Secures $15 Million in Series B Funding to Expand Open Banking Payments Platform

  • Token, an open banking payments platform, has raised $15 million in Series B funding led by SBI Investment Co

  • Ltd

  • and Sony Innovation Fund by IGV

  • Existing investors Octopus Ventures, EQT Ventures, and Opera Tech Ventures also participated in the round

  • The company intends to use the funds to expand its business reach and development efforts

  • Token provides a secure and fast way for merchants, PSPs, and banking-as-a-service platforms to adopt account-to-account payments, offering Pan-European connectivity to over 3,000 banks.

      • ProblemFinancial Services

      "Making payments across Europe is still too slow and expensive for both businesses and consumers."

      Solution

      "Token is an open banking platform that enables real-time account-to-account payments, allowing businesses and consumers to make payments directly from their bank accounts. This makes payments faster, cheaper, and more secure than traditional payment methods."

      Covered on