SurePay raises €12.2 mn to boost the company’s international expansion
Summary
SurePay, inventor and leading provider of Confirmation of Payee (CoP) in the UK and Benelux, raised a €12.2 million round led by Connected Capital with Iris Capital, joining Rabo Frontier Ventures to boost the company’s international expansion. SurePay is already a leader in the UK and its Dutch home market, these being the first countries to implement a nationwide CoP approach to reducing payment fraud. Both new investors specialise in scaling B2B SaaS solutions internationally and help SurePay extend its leading position as a multi-country technology platform focused on reducing payment fraud. David-Jan Janse, CEO and Co-Founder of SurePay, said: “We are on a mission to protect both our clients and their customers against the growing threat of fraud worldwide, giving them the reassurance that their payments are going to the intended recipient also cross-border and multi-domestic. Together with Rabo Frontier Ventures, their knowledge and experience will position us on a scale-up trajectory in important growth markets across Europe and connect to global standards.” Recently, IBS Intelligence reported that SurePay, the leading Confirmation of Payee provider, has announced that Triodos Bank UK, one of the top players in ethical, sustainable banking, will implement its full-service Confirmation of Payee solution.