Episode Six (E6), a global provider of enterprise-grade payment processing and digital ledger infrastructure, announced a $48 million Series C financing led by Avenir, a growth stage investment firm “focused on category defining, tech-enabled companies.”
The investment round also “included additional participation by existing investor, Anthos Capital, a consumer and technology investment firm.”
This investment will be used “to expand E6’s go-to-market efforts, build on its global market leadership, and scale its business as the company continues to drive modernization journeys for banks and companies that operate within the payments space.”
As noted in the update, E6’s platform, TRITIUM®, “allows businesses to quickly deliver industry-leading payments solutions with the flexibility to adapt in real time – a crucial capability given rapid shifts in consumer demand.”
E6 co-founder and CEO John Mitchell said:
“The burden of relying on legacy technology continues to present challenges, especially at a time when innovation is key to winning and retaining customers. This, paired with the rising cost of operating legacy technology, is the reason we are seeing a significant increase in interest in our solution. The demand for the shift to modern payments technology presents a substantial opportunity for us, and we’re pleased that Avenir and Anthos Capital share our vision. We’ll lean into their investment to bolster our presence in global financial markets, putting us in a position to help banks and other companies modernize their payments infrastructure and remain competitive.”
Jamie Reynolds, Avenir co-founder, said:
“E6 has built an adaptable and resilient platform that helps bring banks and other companies in the payments space into the future by providing a streamlined path to modernization. This technology, combined with the team’s expertise in the global financial landscape, makes us excited to see the company further establish its position as a leader in the payments industry.”
E6 operates globally “across 38 countries with an expanding team located in the U.S., UK, Japan, Singapore, Hong Kong and Australia.”
As mentioned in the annoucnement, Episode Six (E6) is “a global provider of enterprise-grade payment processing and digital ledger infrastructure for banks and companies looking to offer payments to their customers.”
E6 claims that it “delivers the innovative capabilities needed to compete with disruptors by augmenting existing infrastructures.”
Flexibility, adaptability and resilience are “built into the core of E6’s TRITIUM platform ensuring clients maintain a market-leading position.”
Episode Six operates globally “across 38 countries with an expanding team located in the U.S., Europe, Japan, Singapore, Hong Kong, and Australia. Investors include HSBC, Mastercard, SBI Investment Co., Ltd., Anthos Capital and Avenir.”