Kevin., a fintech firm based in Vilnius, Lithuania that offers an advanced account-to-account (A2A) payment infrastructure to replace expensive card transactions, revealed that it has raised $65 million (roughly €61.82 million) in its Series A round of funding.
Accel Partners, an American venture capital firm, led the round. Accel invests in startups at the seed, early, and growth stages. The company has offices in Palo Alto and San Francisco, California, as well as running funds in London, India, and China.
Kevin. has already raised $77 million (about €73.24 million) in total fundraising, just six months after raising $10 million (approximately €9.51 million) in a Seed round. The company’s staff has grown to over 170 employees operating in 30 countries since the seed round. By 2023, it expects to have doubled its workforce.
“With this investment, we’ll continue expanding our international team of experts and developing products that are transforming the payment industry. We have big plans for the future and I’m confident that our full suite of next-generation infrastructure for web, mobile and in-store payments will help businesses gain a competitive edge. Given the fact that the implementation of the A2A in-store payments solution is quick and cost-effective, we forecast rapid roll-out and scale.”Tadas Tamosiunas, founder of kevin.
The company claims to have proven itself to be the leader in web and in-app A2A payments in the European Economic Area, where it has the broadest PSD2 bank API coverage on the market, thanks to open banking.