raises €7M in Series B funding round led by Tencent and appoints Dr. Ling Ge to the Board of Directors

▤ Summary

Nordic-based card issuing and payment processing services pioneer Enfuce has raised €7M in Series B funding led by Tencent’s €5M investment, welcoming the strong global VC with a diverse digital portfolio to the investor team. Apart from Maki.vc, the company has been previously supported by a mix of debt and VC financing from multiple Finnish investors: Nordea, LähiTapiola, and Finnvera. Enfuce, with their global customer base spanning 16 countries and counting, has already established itself as a trusted, knowledgeable, and experienced provider of innovative payment, open banking, and sustainability services for corporates and fintech SMEs. The strong team of founders and experts behind the brand strengthened the global VC’s trust in Enfuce as a solid investment opportunity. Dr. Ling Ge is a seasoned technology professional with a PhD in Quantum Computing from Oxford University, and she has developed executive management expertise in both academic and business settings over the course of her career.

$ Funding

▦ Linked Companies

Tencent

$1B+