Hearst Ventures and Entrée Capital were among the investors that took part in the funding round.
The investment was led by Insight Partners, whose principal Rebecca Liu-Doyle said the payments industry in Southeast Asia is ‘ripe for disruption’ and will join Spenmo’s board.
Plaid’s instant account verification means end users can directly connect their bank accounts to immediately start moving funds via ACH.
The channel partnership will bring Open Banking-powered payments to European billers.
The new licenses means that LUXHUB has become ‘Luxembourg’s first and only full-scope Open Banking enabler’.
The debt and equity fundraise means that the lender will be able to lend immediately through the British Business Bank’s scheme.
Customers of the bank will be able to connect their finances digitally and securely.
Chase, which is the largest consumer bank in the US, will offer UK customers a current account and rewards programme initially.
The UK-based company has an EU-wide expansion strategy that will be rolled out in 2022 and 2023.