LoopingOne has raised €2M Seed Round Funding to Revolutionise Marketplaces with Onboarding and Payment Solutions

LoopingOne, the pioneering fintech startup, is thrilled to announce that it has secured an impressive €2 million during a recent seed funding round. With the investment the company will accelerate the development of its groundbreaking agnostic KYC/B and multi-party payments product for marketplaces and online platforms.?

As the online volume for marketplaces is projected to reach an astonishing $9Tn per annum in the next few years, LoopingOne is expected to capture a significant share of this rapidly growing sector. The company's platform is specifically designed to provide streamlined onboarding (KYC and KYB) and payment solutions for B2B, B2C and C2C marketplaces.?

LoopingOne has attracted significant attention within the fintech industry. Investors that contributed in the seed round include former C-level employees at Adyen, Worldline, and GlobalCollect employees as well as founders of established global marketplaces. Ebury, which invested in the previous seed round, was also part of this round, demonstrating its belief in the immense potential and value that LoopingOne brings to the market.?

Co-founder and CEO Bob Voermans expressed his excitement, stating, "LoopingOne helps Marketplaces be independent from payment partners in their day-to-day operation by allowing them to choose various KYC/B and payment partners that suit their individual needs at any given time."?

A testament to LoopingOne's commitment to innovation and excellence is its recent nomination for the CIO Magazine Innovations Award in the Most Innovative Start-up/Scale-up/Challenger category. The award recognizes and promotes innovative projects among suppliers and customers in the field of technology. “Our teams are really excited to be re-imagining a platform from the ground up, based on Azure, API-first and AI architectures with a beautiful user-experience,” says CTO Chris Martlew.

About LoopingOne?

LoopingOne was founded in 2021 by Bob Voermans (CEO),? Freek Dix (CCO) and Mark van der Sluis (COO) all of whom are industry veterans, having collected years of experience at fintech and e-commerce companies such as Worldline, PayU and G2A. LoopingOne is unlocking growth for marketplaces and platforms, by taking the friction out payments. The platform offers a unified solution for ID verification (KYC/B) of buyers and sellers, organizes split payments & payouts to merchants and consumers and allows for full compliance with PSD2/ EMI regulations. The intelligent routing platform connects with preferred payment providers which optimizes for redundancy, reconciliation, and conversion. Collectively the LoopingOne team, made up of 20 employees, has a combined total of 80+ years' experience in fintech. They live and breathe payments.??

LoopingOne will be attending the Money20/20 conference in Amsterdam from June 6th to 8th, 2023, where they look forward to engaging with partners, clients, and potential investors.?

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For more information, please visit LoopingOne.com?

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Note: This press release contains forward-looking statements. Actual results may differ materially from these statements due to various factors. LoopingOne undertakes no obligation to publicly update or revise any forward-looking statements.?