Buckzy Payments, a Canada-based payments firm, has netted $14.5m in a Series A funding round.
Buckzy claims this round of financing is a validation of its vision to create an intelligent and automated international payment system
The company said it is on a mission to build the plumbing for real-time money movement globally, the same way high-speed internet fundamentally shifted the communications industry.
Founded in 2018, Buckzy has grown to become a global leader in enabling cross-border payments and financial services, empowering leading financial institutions and FinTechs worldwide to deliver innovative and modernized financial solutions and service offerings.
The company enables a real-time cross border payment network and Banking-as-a-Service on an embedded finance platform that is secure, scalable, modular and compliant. The firm’s platform offers over 200 APIs that can be utilized for any transaction banking use cases and customer journeys to deliver modernized and innovative financial products and solutions.
Buckzy stated that the cross-border payments market is approximately $150trn globally, and is still significantly underserved.
The Buckzy payment network currently disburses funds to over 80 countries, including the UK, India, the whole of the EU, the Philippines, the United Arab Emirates, and many more. The company recently expanded its network in Latin America, covering Argentina, Brazil, Chile, Colombia, Guatemala, Honduras, Mexico, and Uruguay.
Abdul Naushad – founder and CEO of Buckzy – said, “This round of financing is a validation of Buckzy’s vision to create an intelligent and automated international payment system. We’re on a mission to build the plumbing for real-time money movement globally, the same way high-speed internet fundamentally shifted the communications industry.â€
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