Ozone API secures £8.5m in Series A funding for global open banking expansion

Ozone API secures £8.5m in Series A funding for global open banking expansion

Ozone API, the trailblazing open banking platform, has successfully secured a substantial £8.5m in Series A funding.

This significant financial injection was spearheaded by Gresham House Ventures, acording to a report from FinTech Finance News.

Renowned for its innovative approach, Ozone API stands at the forefront of the open banking movement, a dynamic shift that is currently reshaping the financial landscape across more than 60 markets worldwide. The company’s mission extends beyond mere regulatory compliance; it aims to redefine the banking sector by enabling institutions to harness the power of open APIs, thereby fostering economic growth, spurring innovation, and addressing critical challenges like financial inclusion.

Central to Ozone API’s service offering is its state-of-the-art, standards-based platform. This platform not only ensures rigorous compliance with various global regulations but also empowers banks to explore new revenue streams through high-performance, secure, and standards-compliant API technology. This technology is pivotal for banks and regulatory bodies alike, providing them with the necessary tools to navigate and flourish in the era of open finance.

Reflecting on this strategic partnership, Huw Davies, Co-Founder & CEO of Ozone API, remarked, “Open finance is now an unstoppable transformational force and we’ve been at the forefront of driving this change. We’re thrilled that Gresham House Ventures is partnering with us to accelerate our global expansion.”

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