Amsterdam-based LoopingOne, a fintech startup, announced that it has secured €2M in a seed round of funding.
Investors include former C-level employees at Adyen, Worldline, and GlobalCollect, and employees as well as founders of established global marketplaces. Ebury, which invested in the previous seed round, was also part of this round.
With the investment, LoopingOne says it will accelerate the development of its agnostic KYC/B and multi-party payments products for marketplaces and online platforms.
Co-founder and CEO Bob Voermans says, “LoopingOne helps Marketplaces be independent of payment partners in their day-to-day operation by allowing them to choose various KYC/B and payment partners that suit their individual needs at any given time.”
The announcement comes around one year after raising €800K in funding in its first Seed round from Ebury.
LoopingOne: Unified ID verification solution
Founded in 2021 by Bob Voermans (CEO), Freek Dix (CCO), and Mark van der Sluis (COO), LoopingOne offers a unified solution for ID verification (KYC/B) of buyers and sellers, organises split payments & payouts to merchants and consumers, and allows for full compliance with PSD2/ EMI regulations.
The company’s intelligent routing platform connects with preferred payment providers to optimise redundancy, reconciliation, and conversion.
The company’s platform is specifically designed to provide streamlined onboarding (KYC and KYB) and payment solutions for B2B, B2C, and C2C marketplaces.
Collectively the LoopingOne team, made up of 20 employees, has a combined total of 80+ years of fintech experience.
“Our teams are excited to be re-imagining a platform from the ground up, based on Azure, API-first, and AI architectures with a beautiful user-experience,” says CTO Chris Martlew.
Read the orginal article: https://siliconcanals.com/news/startups/amsterdams-loopingone-raises-2m/
