MH was pleased to act for Fumopay, the pay by bank platform, on its first funding round which sought investment from three leading FinTech angel investors.
Fumopay is a payment solution that facilitates account-to-account transactions, using the principles of Open Banking. It provides a faster, cheaper, and safer alternative to traditional card payments for both businesses and consumers, with the goal of improving overall financial well-being.
This round of financing will enable the brand, rooted in financial social impact, to further develop its launch plan. The team will be able to accelerate its sales and communication strategy to elevate its organic growth.
Founder and CEO of Fumopay, Kevin Ludford commented “the most important aspect of this raise is that we’ve been joined by highly experienced payment and fintech investors with proven track records. They are aligned with our growth ambition and equally, bring a wealth of experience and added value to our business.”