Kapaga, a UK FinTech focusing on cross-border payments for SMEs, has received investment from Target Global.
In Brief:
Kapaga was launched last year and opens small business accounts, offering multi-currency payment services.
The firm has closed a £1.5mn funding round.
The round also included various Angel investors.
What does this mean?
Kapaga says its intention is to expand across Europe, building out its platform to introduce “mass” global payments and virtual cards.
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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