Ivy receives $20 million in Series A funding round

Global API Ivy for instant bank transfers secures $20 million in Series A round, Valar Ventures leads. Global unified access to real-time payments in focus.
Berlin - Ivy, provider of a global API for instant bank transfers, has successfully closed a $20 million Series A investment round, with Valar Ventures leading the way. This move comes 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 provide to our customers. 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 worldwide are currently rolling out instant bank payments 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 structurally reduces transaction costs and fraud risks while increasing settlement speed.
Through Ivy, we directly save costs 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, 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, in real-time, the bank details with the highest probability of a successful transfer. This technology has been proven to improve conversion rates and success rates while reducing fraud risks.
Currently, Ivy is 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 through their API. Businesses benefit from lower transaction fees, instant settlement, and card and wallet independence.
Ivy is creating for account-to-account what Visa and Mastercard 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 leaders 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 professionals from companies such as Klarna, GoCardless, PPRO, AmazonPay and Worldpay. The company is recruiting in sales, technology and product development and is looking for talented individuals who want to change the way the world processes payments.

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