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Berlin-based Ivy, an API developer for instant bank payments, announced on Thursday, August 31, that it has raised $20M (approximately €18M) in a Series A round of funding led by Valar Ventures.
Several prominent individual investors, predominantly from the fintech sector, also participated in both funding rounds, reports TechCrunch.
The announcement comes after raising €7M in a seed round led by CREANDUM in July.
The German company says it plans to expand banking partnerships and acquire more merchant customers in new regions with the recent capital injection.