Online payments platform Transactive gets first investment

UK-based Transactive Systems has received its first investment with AngelRush committing $1.5m to help growth for the next generation of banking and financial services.

Transactive develops transaction-processing software enabling single-source access to payment systems including Visa and Mastercard, Instant SEPA credits, Faster Payments and ACH, among others.

Through the company’s main platform, Seymour, it helps businesses manage international commerce by sending and receiving payments over various channels and currencies.

AngelRush Ventures managing partner David Lukrich said, “Transactive’s team has the power to change the paradigm of the global electronic payments ecosystem.

“In CTO Joerg Beekmann’s 20+ years of experience building payment platforms, he has proven to be a unique visionary.

“AngelRush will invest in his leadership to build a new platform that will unify multi-national payment systems, enabling real-time payments for SMEs and large corporations around the world.”

Copyright © 2017 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.