Buckzy, a Canada-based leading real-time cross-border payments company, announced that it has secured $14.5 million in Series A financing.
The round was led by Mistral Venture Partners and Uncorrelated Ventures, with participation from new investors Luge Capital and Blue 9 Capital, and existing investors Revel Partners.
As part of the round, Karim Gillani, former Xoom, and PayPal executive and current general partner of Luge Capital, will become a board advisor.
Buckzy will use the funds to enter new geographies and support the expansion of its product offerings.
"This round of financing is a validation of Buckzy’s vision to create an intelligent and automated international payment system,” said Abdul Naushad, Founder, and CEO of Buckzy. “We’re on a mission to build the plumbing for real-time money movement globally, the same way high-speed internet fundamentally shifted the communications industry.”
As a licensed money transfer company, Buckzy works with some of the largest banks around the world to enable real-time international payments that are reliable, secure, and affordable.
The platform is sophisticated yet user-friendly and offers multi-currency bank accounts, local settlement accounts, and real-time FX quoting and booking, all with no hidden fees or unnecessary overhead costs.
Company: Buckzy Payments, Inc.
Raised: $14.5M
Round: Series A
Funding Month: December 2022
Lead Investors: Mistral Venture Partners and Uncorrelated Ventures
Additional Investors: Luge Capital and Blue 9 Capital, and Revel Partners
Company Website: https://buckzy.net/
Software Category: Cross-Border Payments and Banking-as-a-Service
About the Company: Founded in 2018, Buckzy enables real-time cross-border payments and Banking-as-a-Service capabilities through an embedded finance platform that is secure, scalable, modular, and fully compliant with regulations. Since going live in 2020, Buckzy has added over 140 customers to its client roster including traditional banks, neobanks, and fintechs. The Buckzy payment network currently disburses funds to over 80 countries, including the UK, India, the whole of the EU, the Philippines, the United Arab Emirates, and many more. The company recently expanded its network in Latin America, covering Argentina, Brazil, Chile, Colombia, Guatemala, Honduras, Mexico, and Uruguay.
Source: https://financialit.net/news/fundraising-news/buckzy-raises-usd145-million-series-financing