Lithuanian based Kevin raises $65M in series A led by Accel

If the latest reports are anything to go by, Accel now back a startup with around $65 million. The startup is a Lithian-fintech-based company that offers an advanced A2A payment setup. And it’s none other than Kevin. lithuaniabased 65m series accel.

This establishment focuses on replacing expensive card transactions by offering an account-to-account payment infrastructure. Thus, it has now elevated about $65 million in funding.

Accel leads the series A round with participation from Eurazeo, besides existing investors. These investors include Speedinvest, OTB Ventures, OpenOcean as well as Global Paytech Ventures. vilniusbased series accel.

There are other investors, and they are 20VC founder: Harry Stebbings, Supercell’s co-founder & CEO Ilkka Paananen, and most importantly, former Venmo CEO Amitabh Jhawar.

A Brief on Series A

The series A funding comes six months right after the establishment secured around $10 million seed round & brings total funding uplifted to around $77 million.

Kevin was founded in 2018 to provide convenient and innovative payment solutions. It intends to eliminate unwanted intermediaries in any payment procedure. The establishment has gained incredible opportunities offered by the opening of banking. lithuaniabased 65m accel.

In recent days, this startup company has also dabbled in payments at PoS terminals in any physical location. It introduced the NFC A2A payment solutions with a smooth UX, unlike card payments.

Kevin’s COO and co-founder, Pavel  Sokolovas, has affirmed the importance of time. Sokolovas has said that time becomes a game changer while creating any new product or developing any startup. lithuaniabased series accel.

Accel understood the importance of Sokolovas’s statement. With their in-depth skills and knowledge in fintech, they accomplished the job from scratch. Their partnership has progressed, and they are pretty excited about the future.

In a different statement, another Kevin co-founder, Tamosiunas, stated that implementing A2A in-store payment solutions is effective and speedy. So, they expect rapid development. They now intend to increase the business by over 85% by the end of 2023.