Monday, 3rd June, London – Konsentus, a RegTech company that delivers SaaS solutions to Financial Institutions to enable them to be PSD2 open banking compliant, has closed a multi-million-pound Pre Series A financing round. The round was led by Mastercard and supported by other investors.

Mike Woods, CEO of Konsentus said “The RegTech market is growing at 45%+ per annum and with 9,000+ Financial Institutions in Europe that must deliver PSD2 open banking, the demand for the Konsentus service is significant and this investment will support an accelerated growth plan across Europe. With plans to launch new related services later in 2019 and international expansion in due course, we will be pursuing a Series A financing round in late 2019”

Mastercard’s SVP of Open Banking Jim Wadsworth commented “We see significant potential for the Konsentus service as Open Banking evolves both in Europe and globally.  Through its targeted investments in payment technology, Mastercard continues to provide real value in the way it delivers new solutions to its customers and end-users.”

Source: https://www.konsentus.com/company/press-releases/konsentus-closes-pre-series-a-financing-round