Budapest-based Barion just landed €2 million to expand its payment solutions further across Europe
Summary
European private equity firm Financial Services Capital has successfully led the €2 million Series B funding round of Barion Payment plc, a leading Hungarian fintech startup. The fintech has achieved dynamic growth since its launch, and currently serves more than 7000 e-commerce partners in five countries (Austria, Czechia, Hungary, Germany and Slovakia), with its processing volume having tripled over the past year. The fintech plans further dynamic expansion in Central Europe and intends to launch a range of new services soon. Financial Services Capital is a sector specific European private equity firm with a presence in London, Prague, Madrid, Vienna and Luxembourg. It leverages its team’s vast operational experience and proprietary technology solutions to create transformational value across financial services portfolio companies.