AngelRush is investing in Transactive's initiative to to build a new platform that will unify multi-national payment systems, enabling real-time payments for SMEs and large corporations around the world.
San Francisco, CA (PRWEB) June 07, 2017
AngelRush has partnered with UK-based fintech company Transactive Systems Ltd. as an early stage investor and is providing $1.5 million in seed funding. Transactive is positioned to deliver leading technology solutions for the next generation of banking and financial services.
“Transactive’s team has the power to change the paradigm of the global electronic payments ecosystem,” says David Lukrich, managing partner of AngelRush Ventures. “In CTO Joerg Beekmann's 20+ years of experience building payment platforms, he has proven to be a unique visionary. AngelRush will invest in his leadership to build a new platform that will unify multi-national payment systems, enabling real-time payments for SMEs and large corporations around the world.”
Led by Managing Director Noyan Nihat, Transactive develops transaction-processing software that enables single-source access to diverse payment systems such as Visa and Mastercard, Instant SEPA credits in Europe, Faster Payments in the UK, ACH in North America, and more. The company embraces international business and the spirit of the Revised Payment Service Directive (PSD2), creating new streamlined solutions for companies to connect to required payment services worldwide.
The company’s primary software solution, Seymour, is a robust payment platform that interfaces with an infinite number of local systems. Developed and led by Beekmann, Seymour empowers businesses to manage the complexities of international commerce by providing them with a simple, integrated solution that sends and receives payment over multiple channels, in multiple currencies, and in multiple languages using one universal format.
Transactive adds value to the Seymour platform by providing eligible businesses with a means to conveniently connect with the key services required to conduct trade – virtual IBANs for SEPA credits and connection through Seymour to the UK banking system for Faster Payments.
AngelRush is providing the financial, strategic, and operational expertise needed to accelerate Transactive’s success curve. Visit http://www.angelrush.com and http://www.transactiveltd.com for more information.
----- About AngelRush Ventures -----
AngelRush Ventures partners with passionate entrepreneurs and innovators to accelerate businesses to their fullest potential. Led by a team of successful entrepreneurs with decades of combined experience building companies and brands, AngelRush provides seed-stage funding, strategic advice and domain expertise to support its partnerships. Visit http://www.angelrush.com for more information.