Digital banking platform for SMEs EasyEuro has collected $4m in its pre-Series A funding round which will support its market expansion.
China-based venture investor Ally Capital led the round, with EasyEuro’s seed backers SwiftPass, Geoswift, Shanghai based Fintech specialist Huashan Capital and Unity Assets.
The capital injection will also be used to boost product development and hiring more staff.
EasyEuro is a digital banking service which fosters SME trading between Europe and Asia. The FinTech startup offers SMEs a digital mobile wallet which has a multi-currency banking account to send and receive cross-border payments in the currency of their choosing.
Clients can apply for a MasterCard linked with their EasyEuro account which can be used around the world. The banking app supports payments through Visa, MasterCard, WeChatPay, Alipay and UnionPay.
The startup has built a selection of open APIs for their strategic institutional payment partners, which includes Geoswift and SwiftPass, to enable functions such as collect, convert, remit and pay.
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