Ivy receives USD 20 million in Series A financing round

Global API Ivy for instant bank transfers secures USD 20 million in Series A round, Valar Ventures leads. Global focus on standardized access to real-time payments.
Berlin - Ivy, provider of a global API for fast bank transfers, has successfully closed a USD 20 million Series A investment round led by Valar Ventures. This follows just a few months after a $7.7 million seed round led by Creandum.
The rapid succession of seed and Series A rounds reflects the value we bring to our clients. This capital raise signals strong market conviction in what we are building.
Ferdinand Dabitz, co-founder of Ivy
The company aims to build a network of instant bank transfer networks. Over 60 countries around the world are currently rolling out fast banking payment infrastructures, including well-known examples such as Pix, UPI, FedNow and Open Banking. Ivy aims to integrate these regional and diverse systems into a unified gateway to provide businesses with access to real-time payments.
Instant bank transfer technology eliminates intermediaries such as credit cards or digital wallets and enables direct money transfers from one bank to another. This leads to a structural reduction in transaction costs and fraud risks, while increasing processing speed.
With Ivy, we save costs directly on every transaction, which has a positive impact on our balance sheet. The risk management tools in particular have proven to be extremely effective.
Ludwig Krayl, Head of E-Commerce at Mactrade
Ivy has developed a comprehensive payment platform for instant bank transfers that includes smart routing capabilities, risk management and additional value-added services such as instant payouts and payment links. Ivy's smart routing engine uses machine learning technology to select the bank details with the highest probability of a successful transfer in real time. This technology has been proven to improve conversion rates and success rates while reducing fraud risks.
Ivy is currently connected to more than 500 million bank accounts in over 50 countries. The company serves industries such as e-commerce, travel, marketplaces and FinTech. They also work with payment service providers via their API. Businesses benefit from lower transaction fees, instant processing and independence from cards and wallets.
Ivy creates for account-to-account what Visa and Mastercard have created for cards: a global access point for merchants and consumers. Driven by a powerful payment platform and sophisticated smart routing that increases success rates for businesses.
Andrew McCormack, General Partner at Valar Ventures
Prominent angel investors have invested in Ivy, including 8 founders of Unicorns as well as industry giants such as Maximilian Tayenthal (founder of N26), Koen Köppen (CEO of Mollie, former CTO of Klarna), Jeppe Rindom (founder/CEO of Pleo), Martin Blessing (former CEO of Commerzbank) and Nico Rosberg (Formula 1 World Champion).
Ivy's team is made up of experts from companies such as Klarna, GoCardless, PPRO, AmazonPay and Worldpay. The company is recruiting across sales, technology and product development and is looking for talented individuals who want to change the way the world makes payments.

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