Buckzy Payments, a Toronto, Canada-based real-time cross-border payments company, raised USD$14.5M in Series A funding.
The round was led by Mistral Venture Partners and Uncorrelated Ventures, with participation from Luge Capital, Blue 9 Capital, and Revel Partners. As part of the round, Karim Gillani, former Xoom and PayPal executive and current General Partner of Luge Capital, will become a board advisor.
The company intends to use the funds to enter new geographies and support the expansion of its product offerings.
Led by Abdul Naushad, Founder and CEO, Buckzy Payments is a cross-border payments network and embedded finance platform enabler for financial institutions and fintechs worldwide, delivering a proprietary real-time cross-border payment settlement network. The platform offers multi-currency bank accounts, local settlement accounts, real-time FX quoting and booking, all with no hidden fees or unnecessary overhead costs. Since going live in 2020, the company has added over 140 customers to their client roster including traditional banks, neobanks and fintechs. The Buckzy payment network currently disburses funds to over 80 countries, including the UK, India, the whole of the EU, the Philippines, the United Arab Emirates and many more. The company recently expanded its network in Latin America, covering Argentina, Brazil, Chile, Colombia, Guatemala, Honduras, Mexico, and Uruguay.
FinSMEs
05/12/2022