Kevin., an open banking payment infrastructure provider, has raised USD 10 million in seed funding co-led by OTB Ventures and Speedinvest, with participation from OpenOcean, Global PayTech Ventures, and high net worth individuals such as Henry McGovern. This round brings the company’s total funding to USD 14 million.

The funds will be invested in developing its product offering, supporting its global expansion, and bolstering recruitment— the company intends to expand its workforce to more than 350 employees in 2022 (from around 100 currently).

The platform supports more than 2,700 merchants across 15 European markets and intends to expand to 28 markets in total in 2022 (including the UK, Spain, and France).

Kevin. Is a Lithuanian company providing infrastructure for merchants to accept payments directly through bank accounts instead of through payment cards for online, mobile, and physical sales. The company develops its own connections with banks, and therefore no third-party aggregators are involved in transaction processing. It further noted that its platform can be used by businesses of any size, across several industries, including retail, parking,  fashion, deliveries, and so on.