B2B merchant banking platform 3S Money Club has reportedly closed its pre-Series A round which was led by Maxfield Capital.
Other contributions to the round came from individual angel backers and unnamed existing investors, according to a report from The FinTech Times.
The London-based FinTech will use these new funds to increase the development of its services and increase growth.
3S Money Club helps companies open UK accounts and multi-currency IBANs to send and receive high-value business payments. Its services help with large transactions, complete same-day payments in the UK, Europe, Russia, China, and EMEA. Through the platform, companies can collect, pay and exchange in more than 30 currencies.
There is a monthly fee and fixed payment fee for all accounts.
When explaining the decision to invest into 3S Money Club, Maxfield Capital founding partner Alexander Turkot stated, “3S Money Club will help many startup companies to expand internationally and become part of global economy.”
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