Existing investors Creandum, 10x Founders and Angel Invest also took part in the round, alongside a number of angel investors. According to TechCrunch, the Series A took place at a valuation of around $80 million to $90 million, and follows just weeks after Ivy announced it had raised €7.7 million in a seed funding round led by Creandum.
Founded in 2021, Ivy leverages open banking to facilitate instant bank payments from customers via an API, enabling merchants to skip intermediaries and any associated transaction fees. The company claims to have established a global reach and currently accepts payments from consumers in over 50 countries, with connections to over 500 million consumer bank accounts.
