Hero, the Paris-based FinTech startup, has recently bolstered its financial reserves with €11.3m in funding.
The latest investment was spearheaded by Valar Ventures in an all-equity financing round, according to a report from The Paypers.
The company, which has set its sights on refining the financial infrastructure for small businesses, secured the funds amidst a growing need for more adaptive banking solutions. Since its inception, Hero has been committed to developing a comprehensive banking product that aims to replace traditional services with features like fund management, payment acceptance, and simplified credit access.
At the core of Hero’s operational blueprint is the intention to merge cutting-edge technology with essential financial services. This amalgamation is designed to empower businesses to manage money across multiple accounts and IBANs efficiently, along with offering payment cards to facilitate daily financial tasks.
Before this funding round, Hero had raised €12.4 in July 2022, primarily to enhance its full-stack payment solutions tailored for B2B SMEs. This prior investment focused on creating versatile payment systems that could accommodate a broad range of sales channels and payment types for various business sizes.
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
