Payvision founder Rudolf Booker and Finch Capital back global rollout of Safened

Source: Safened

SAFENED has closed the final tranche of a EUR 14 million funding round from Rudolf Booker, founder of Payvision, and venture capital investor Finch Capital (investing out of their first fund).

SAFENED is a fast-growing Fintech, driven by a vision to turn financial risk and regulatory challenges into simple and secure solutions. The funding will accelerate SAFENED’s dual offering, which consists of an international B2B deposit platform and a B2B digital Know Your Customer solution.

SAFENED started out as an international B2B deposit platform when it was founded three years ago by Rudolf Booker, founder & CEO of Payvision that recently sold a 75% stake to ING at a EUR 360m valuation.
Since the end of 2017, SAFENED has also been offering a digital Know Your Customer (‘KYC’) service for online financial companies and marketplaces. This bank grade client vetting & onboarding service performs over 100 identity and security checks within minutes.

Up till now, without active marketing, SAFENED’s KYC solution has attracted leading clients in the realms of mobile banking (including N26, for onboarding of new clients across Europe) and online payments (including Payvision).

As SAFENED is an FCA-licensed payment institution with full European Union passporting rights, other financial institutions can rely on SAFENED for their compliance with European regulations regarding payment services (PSD2), data protection (GDPR) and money laundering (4AML).

The last tranche of this funding round amounts to EUR 7.5m. The additional funding will be used to further expand its deposit platform and support a global roll-out its fast growing KYC business. SAFENED will have a big presence at Europe's largest fintech event, next month’s Money 20/20 Europe, and is actively growing its Sales and Tech teams. SAFENED operates out of London, New York, Barcelona and Amsterdam.

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