#BaaS #Platforms / Trio of European start-ups raise fresh funding

A trio of European fintechs have raised funding to fuel businesses focused on automation, Banking-as-a-Service (BaaS), and business financing.

Amsterdam-based Factris has raised €5 million… The start-up provides factoring finance, in which a business sells its invoices to a third party at a discount.

UK-based mobile point of sale app KodyPay nabbed £1.8 million… KodyPay provides an omnichannel platform for users to pay for goods in store without needing to queue. It claims that the removal of hardware like tills and printers can help businesses reduce overheads.

French start-up Swan has raised €5.9 million… Swan aims to let other companies offer financial services through a BaaS model. It has already nabbed an e-money licence from French regulators.