Ivy, a Berlin-based open banking payments startup, has raised $20 million in Series A funding to accelerate its expansion into new markets and product development. The round was led by Valar Ventures, with participation from Creandum, 10x Founders, Angel Invest, and a number of angel investors. The funding follows a $7 million seed round that Ivy raised in January 2023.
Founded in 2021, Ivy is building a global API for instant bank payments. The company's platform allows merchants to accept payments from consumers in over 50 countries, with connections to over 500 million consumer bank accounts. Ivy's API also supports a variety of instant bank payment infrastructures, such as Pix, UPI, FedNow, and Open Banking. Ivy is well-positioned to capitalize on the growing demand for instant bank payments. The company's global API and strong partnerships make it a valuable solution for merchants of all sizes.
