Currensea, a London, UK-based open banking-powered fintech startup, raised £2.4m in funding.
Backers included Blackfinch Ventures and 1818 Venture Capital.
Led by James Lynn, Currensea provides a direct debit travel card, which aims to remove the bank fees associated with foreign exchange by linking directly to users’ existing current accounts.
The company intends to use the funds to expand operations and its business reach, and to advance its ‘powered by’ offering which allows charities and businesses to offer branded cards enabling users to not only save money when spending abroad but also round up UK spending to donate to good causes.
The company plans to acquire 300,000 users by 2024.
FinSMEs
30/09/2022