Payment startup Monavate raises £ 5m

British startup Monavate has raised £ 5m for a technology-enabled, compliance and card scheme sponsorship platform.

Seed funds from unnamed US institutional investors will be used to develop the Monavate platform. This promises to help companies launch their financial products in a fast, easy and cost-effective way.

It will also enable FCA-regulated FinTech, based in Cambridge, to accelerate card issuance and global expansion in ATM spaces.

Leeandrajae Vaile, CEO of Monavate, said: In addition, there is no shortage of investment in FinTech.

“But bringing good ideas to market is still a big issue. That’s why Monavate was founded and why we’re already making a difference.”

Payment startup Monavate raises £ 5m

Source link Payment startup Monavate raises £ 5m

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