London-based FinTech E-Money Markets has secured 拢700,000 in pre-seed funding to transform how SMEs access foreign exchange (FX) and international payment solutions.聽
The funding round was led by CH-1 Investment Group alongside a group of angel investors and the startup says it will aid the development of the company鈥檚 technology infrastructure and product capabilities.
E-Money Markets says it is integrating FX and payment APIs into a single, modular platform, enabling SMEs to access cutting-edge financial tools without complexities.聽
It is aiming to accelerate SME adoption of modern FX capabilities.聽
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鈥淣ew-age payment technology has been too slow to reach SMEs, who are often overlooked and underserved,鈥� said Harry Geller, co-founder and CEO.
鈥淭he white label brokerage model I previously created was great for connecting experienced FX brokers, however, the product range available to both brokers and SMEs has not kept pace with the advancements seen in other sectors.
鈥淲e鈥檝e set-up E-Money Markets to change this.鈥�
Richard Spacey, CH-1 Investment Group, added: 鈥淲e were immediately impressed by E-Money Markets’ vision and the team’s deep industry expertise.聽
鈥淭heir white-label model taps into an underserved market with immense potential. We鈥檙e excited to support them as they redefine FX brokerage in the digital era.鈥�
The fresh investment will allow E-Money Markets to fund its technology infrastructure to support wider adoption, expand its product range, onboard partners and secure necessary regulatory licenses.