Ebury Partners with KYC Startup LoopingOne, Invests €800K
- It was the first seed round closed by LoopingOne.
- The two companies will use each other's resources to shape their offerings.

LoopingOne was founded last year by three fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Read this Term industry veterans, Bob Voermans, Mark van der Sluis and Freek Dix. The idea was spawned as the trio faced challenges with regulations while they built a team of payment specialists earlier to help merchants.
“LoopingOne helps Marketplaces be independent from payment partners in their day to day operation by allowing them to choose various KYC and payment partners that suit their individual needs at any given time,” explained the platform’s Co-Founder, Voermans.
LoopingOne will integrate the services of Ebury that will allow the startup to offer multi-currency services to its marketplace customers.
The latest funding was the first seed round closed by LoopingOne.
Licensing Goals
The startup will use the proceeds to further develop its products. In addition, it will use the capital to start the Electronic Money Institution (EMI) application process at the Dutch Central Bank (DNB).
“Ebury has offices in 20 countries around the world offering cash management and foreign currency solutions to companies trading internationally. It’s the ideal partner for LoopingOne that shares the same global ambitions,” said LoopingOne’s Co-Founder, Dix.
He also pointed out that LoopingOne can help Ebury to expand its business into the e-commerce industry.
“Our strategy has been to focus more on e-commerce businesses around the globe,” said Fernando Pierri, the COO at Ebury. “The B2B flows now, and even more so in the future, will be through online marketplaces. Therefore having LoopingOne as our partner is a key strategic move for us. This is a triple-digit growth market!”
Earlier this year, Ebury acquired Brazilian financial technology firm, Bexs for expanding its international payments offering in the South American country.
LoopingOne was founded last year by three fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Read this Term industry veterans, Bob Voermans, Mark van der Sluis and Freek Dix. The idea was spawned as the trio faced challenges with regulations while they built a team of payment specialists earlier to help merchants.
“LoopingOne helps Marketplaces be independent from payment partners in their day to day operation by allowing them to choose various KYC and payment partners that suit their individual needs at any given time,” explained the platform’s Co-Founder, Voermans.
LoopingOne will integrate the services of Ebury that will allow the startup to offer multi-currency services to its marketplace customers.
The latest funding was the first seed round closed by LoopingOne.
Licensing Goals
The startup will use the proceeds to further develop its products. In addition, it will use the capital to start the Electronic Money Institution (EMI) application process at the Dutch Central Bank (DNB).
“Ebury has offices in 20 countries around the world offering cash management and foreign currency solutions to companies trading internationally. It’s the ideal partner for LoopingOne that shares the same global ambitions,” said LoopingOne’s Co-Founder, Dix.
He also pointed out that LoopingOne can help Ebury to expand its business into the e-commerce industry.
“Our strategy has been to focus more on e-commerce businesses around the globe,” said Fernando Pierri, the COO at Ebury. “The B2B flows now, and even more so in the future, will be through online marketplaces. Therefore having LoopingOne as our partner is a key strategic move for us. This is a triple-digit growth market!”
Earlier this year, Ebury acquired Brazilian financial technology firm, Bexs for expanding its international payments offering in the South American country.