EasyEuro, a France-based fintech startup, announced this week it secured $4 million through its latest investment round, which was led by Shanghai-based Ally Capital, with participation from seed investors SwiftPass, Geoswift, Huashan Capital and Unity Assets. The funds will be used to launch EasyEuro’s neobank that will be dedicated to small to medium businesses (SMEs) between Europe and Asia.
Founded in 2017, EasyEuro describes itself as an API Bank that’s designed for SME and PSS trading. The startup is now an e-money institution authorized by the Financial Conduct Authority (FCA).
“EasyEuro gives you new passport to manage your business in more than 130 countries and regions. EasyEuro was founded by a group of professionals with international vision and passion that come together with a clear purpose – make cross-border payment easier and more efficient. The core members of the company are from well-known companies such as Ant Financial, Huawei, HSBC, Western Union and MasterCard. EasyEuro currently focus on providing innovative financial services for cross-border SMEs operating between China and Europe.”
According to Tech.eu, EasyEuro’s clients may apply for a MasterCard linked with their EasyEuro account that may be used worldwide. This digital wallet supports major payment methods, including Visa, MasterCard, WeChatPay, Alipay and UnionPay.
