Currensea, a London, UK-based open banking-powered fintech startup, raised £2.4m in funding.
Backers included Blackfinch Ventures and 1818 Enterprise Capital.
Led by James Lynn, Currensea offers a direct debit journey card, which goals to take away the financial institution charges related to international change by linking on to customers’ present present accounts.
The corporate intends to make use of the funds to increase operations and its enterprise attain, and to advance its ‘powered by’ providing which permits charities and companies to supply branded playing cards enabling customers to not solely get monetary savings when spending overseas but in addition spherical up UK spending to donate to good causes.
The corporate plans to amass 300,000 customers by 2024.