Bulgaria based FinTech phyre has secured €1.55mn in its latest funding round.
The round was led by New Vision 3 Fund, a venture capital fund.
It also included the Bulgarian American Credit Bank and private investors.
phyre is a mobile platform that makes payments and money transfers more efficient and easier to track.
What does this mean?
The funding will help phyre to develop and deploy its e-wallet platform. The FinTech is hoping to provide a more service-based model in future.