An Australian fintech company called Shaype has secured $21.4 million in a series C investment round that was primarily driven by Regal Funds Management.
Shaype, a company founded in 2018, assists banks in providing their customers with transaction accounts that are connected to Visa cards. The firm also offers a variety of financial services, including the detection of fraud and money laundering, as well as card payments, wallets, tokenization, know-your-customer services, and tokenization.
Former hedge fund manager Andrew Laycock founded the business. With offices in Sydney, London, Belfast, Glasgow, and Warsaw, it now employs 100 people.
Shaype intends to use the additional funds for employee recruiting and global expansion. The company claimed that it will introduce additional solutions for businesses in the financial, HR, property, and government sectors by the end of this year.
