French startup TagPay has raised €25mn in its latest funding round.
In Brief:
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TagPay provides next-gen core banking for financial institutions.
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The funding came from equity firm Long Arc Capital.
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Long Arc now has a majority stake in TagPay.
What does this mean?
As part of the deal, founders Yves Eonnet and Hervé Manceron will continue their roles as CEO and COO respectively. TagPay says it will use the fresh funds to strengthen its sales, product and technical teams. It aims to double its customer base by 2023.
