French Fintech EasyEuro raises $4 million to launch neobank for SME traders between Europe and Asia

Fintech Feb 22, 2020
French Fintech EasyEuro raises $4 million to launch neobank for SME traders between Europe and Asia

EasyEuro, a French-based fintech startup with offices in Paris and Shenzhen, China, announced it has raised $4 million through its latest investment round led by Shanghai-based Ally Capital, with participation from seed investors SwiftPass, Geoswift, Huashan Capital and Unity Assets.

EasyEuro simplify and accelerate EUR/CNY cross-border remittance services powered by an AI based platform.

The funds will be used to launch EasyEuro’s neobank to simplify and accelerate cross-border payments for European and Chinese business communities.

neobank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal computer platforms only.

EasyEuro was founded in 2017 by a group of professionals with international vision and passion, brought together with a clear purpose to make cross-border payment easier and more efficient. The company founding members originate from companies such as Ant Financial, Huawei, HSBC, Western Union and MasterCard.

EasyEuro aims to simplify cross-border banking using neobank or 100% digital wallet services for SME's transacting between between China and Europe. Clients use MasterCards, linked with EasyEuro accounts accepted worldwide. All major payment methods such as Visa, MasterCard, WeChatPay, Alipay and UnionPay are accepted.

Glen Smale

Glen Smale is a FullStack Software Engineer & CTO @StaffCluster with 15yrs tech industry experience. He is a freelance technology Journalist and writer @Bundupress.

Great! You've successfully subscribed.
Great! Next, complete checkout for full access.
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.