NoFrixion, a Dublin based FinTech, has just raised €3.6mn in seed funding.
In Brief:
NoFrixion offers a business payments infrastructure product.
The seed round was led by Delta Partners and Middlegame Ventures and included Furthr VC.
It will be used to invest NoFrixion’s offering and grow the team.
What does this mean?
NoFrixion aims to make business payments more efficient especially through its recently launched MoneyMoov API, which aims to bridge legacy and digital infrastructure. It currently has customers in Ireland, the UK, Belgium and Portugal and is growing its engineering and sales teams.
