Payments software developer Episode Six secures $7m in its Series A

Episode Six, which designs financial and payment products, has secured $7m in its Series A round, which was led by HSBC.

Contributions also came from Mastercard and SBI Investment.

Part of the capital will be used to expand its product roadmap across other markets. It will also look to grow internationally and enhance its technology.

Episode Six was created to transform how financial institutions, FinTechs and other businesses build and manage financial and payments products. The company offers a plethora of payment tools, including mobile wallets, p2p payments, custom reporting, debit and prepaid cards, unit conversion, invoice reporting, fraud prevention and compliance management.

Over the past year, the company has expanded into Tokyo, Singapore and London.

Episode Six CEO John Mitchell said, “Financial institutions and innovators in other industries like healthcare are beginning to realize the constraints of legacy technology, especially given the increasing demand for new products and streamlined efficiencies.

“We have developed financial technology which, via more than 500 APIs, facilitates that next level of configurability for companies looking to digitize their account and payments infrastructure or launch new products and solutions. We are pleased our investors share the same vision of helping businesses bring their offerings into the future.”

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