Dutch online payment solution Fero has closed a $3m funding round.
In brief:
-Led by Antler, Volta Ventures and Coatue.
-Fero will use the funding to build out its team across the US and Europe and bolster its product offerings to cater to more retailers.
-The fintech enables companies to provide bespoke checkout experiences and payment journeys to individual customers to increase conversion rates and reduce fraud.
What does this mean?
“As a payments data scientist, I was shocked when I started to uncover the level of abandonment during the checkout and payment journey,” Fero co-founder and CEO Craig Savage said.
