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Finadvant (t / a Kapaga) secures £ 1.5m investment led by Target Global – UK technology investment news

May 26, 2022, London, 9am: KapagaUK-based cross-border payment platform for small and medium-sized enterprises (SMEs), announced a £ 1.5 million funding round led by Target Global and with the participation of well-known angel investors in the fintech sector, Chris Adelsbach, Andreas Mihalovits and Mark Ransford.

Launched in 2021 by Katya Dorofejeva, Kapaga’s rapid success is a testament to the versatile payment solutions it offers its customers. Kapaga has a number of B2B payment services designed to serve this smaller but no less globalized market of SMEs and start-ups. Kapaga’s cloud architecture provides companies with transparency and efficiency in streamlining cross-border payments, allowing them to send and bill money in over 190 countries in numerous currencies via a secure and optimized application.

Many SMBs do not have access to a modern payment infrastructure or are rejected by traditional financial service providers who are very strict in the types of solutions they can offer their customers. By targeting this underserved segment of newly established companies, Kapaga has won the trust of over 150 clients, offering them the ability to scale their businesses internationally and contributing to the overall success of the company.

With a rapidly growing team of over 20 employees working remotely from around the world, Kapaga will expand its operations across the EU this summer. This will allow Kapaga to continue building its platform as it seeks to introduce bulk global payments and virtual cards in the coming months.

Katya Dorofejeva, CEO of Kapaga, said: “We are thrilled to offer our customers an unrivaled experience when it comes to accessing a reliable and transparent tool for cross-border payments. Our value lies in our ability to remove barriers when it comes to opening corporate bank accounts and offering payment services at a fraction of the cost of high-end banks and legacy providers. We aim to get on board and activate customers in less than 48 hours, from start to finish. All of this is now available through an application and a dashboard to stay in control of your payments. “

Ricardo Schaefer, Partner of Target Global, said: “We are thrilled to support Kapaga, a tool that we believe represents a real change in the direction the global payments industry is moving. Kapaga offers a democratized solution to all SMEs, enabling them to grow and scale their businesses globally on a continuous basis. We are confident that, given its unique technology and Katya’s strong leadership, it will continue to become an industry leader for years to come. “

About Kapaga

Kapaga is a cross-border payments platform that opens corporate accounts and provides multi-currency payment services to small and medium-sized businesses in the UK and soon to mainland Europe. It offers cloud-based technologies to automate customer onboarding and simplify international payments. In one year, Kapaga redefined what Fintech means to its SMB clients by providing integrated payment solutions and, subsequently, a greater international presence. To find out more about Kapaga, visit: https://kapaga.com/

About Target Global

Target Global is a pan-European technology investment company with over € 3 billion in assets under management. Invest in companies at all stages of their life cycle, from pre-seed to pre-IPO.

Since 2012, Target has invested in global winners including Delivery Hero, Revolut, Auto 1 Group, Copper, Rapyd, Wefox, Flink, Cazoo, and many more. Target’s experienced team of investors, many of whom began their journeys as founders and operators, help outstanding entrepreneurs build leading companies that target trillion dollar markets.

To date, Target has supported 15 unicorns, had 21 exits and 7 IPOs made. Target has six offices around the world with investment offices in Berlin, London, Tel Aviv and Barcelona.

For more information on Target Global, please visit: https://www.targetglobal.vc .

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Finadvant (t / a Kapaga) secures £ 1.5m investment led by Target Global – UK technology investment news

Source link Finadvant (t / a Kapaga) secures £ 1.5m investment led by Target Global – UK technology investment news

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