Shaype, an embedded finance platform, has raised A$33m in a Series C funding headed by Regal Funds Management.
Shaype’s platform provides single API access to a wide-ranging suite of microservices for payments, KYC, data, insights and real-time transaction monitoring.
The company claims it offers a cost-effective, SaaS cloud-native offering with flexible modules that are ready-to-go.
Shaype said it ensures flexibility and speed-to-market with an ‘always-modern’ platform that removes technological debt from legacy systems at the user’s pace, freeing the resources of a business to focus on customer engagement and satisfaction.
According to Finextra, the company is planning to roll out new services for financial services, PropTech, HR and government before the end of the year.
The company will use its new funding to bolster its team – already numbering over 100 individuals – as well as pushing international expansion.
Regal Funds Management chief investment officer Philip King said, “Shaype is at the forefront of a new breed of fintech that can enable financial services better and more cost efficiently than any incumbent thanks to the platform’s control, flexibility, and speed.”
This capital injection will help 6clicks accelerate its growth through investments into its technology. It also plans to bolster its global customer base and partnership network.
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