Finqware raises €450,000 to fully automate corporate financial operations in Europe

  • July 13, 2022
  • 1 min read

Finqware, an European fintech startup based in Bucharest, is raising a total of 450,000 euros in a bridge round. The fintech is listed on SeedBlink to get 200.000 euros. This 450,000 euros round is led by 7X Partners with €150,000 and joined by a business angel.

Finqware is a Romanian startup specializing in integration and open banking applications.

In June 2022, the startup became one of the few payment institutions under the European PSD2 regulation, authorized to work in all 27 EU countries to receive banking data or capture payment orders for its business customers.

Using the passporting procedure, the company can be able to operate in all 27 EU countries, connecting to any of the 6000+ banks in European Union area for getting banking data or posting account to account payment orders for its enterprise customers.

The license, based on the Revised Payment Services Directive (PSD2) which regulates the payments ecosystem in EU, is an important milestone in the company’s strategy to launch, across all Europe, its FinqTreasury solution.