3S Money Club secures £3m Series B funding from TMT Investments to drive market expansion.
The Series B round was led by TMT Investments and values the fintech firm at £40m.
3S Money Club operates a corporate digital banking platform that facilitates cross border payments and multi currency account management for mid market clients globally.
3S Money Club has secured £3m in a Series B funding round led by TMT Investments. The investment values the business at over £40m and will be used to support international market expansion and strengthen the company team.
The fintech challenger has experienced significant growth over the past year, increasing revenue more than fourfold and expanding its headcount. The firm currently serves clients from over 190 countries and maintains operations across five international offices.
From the founder
"As an operationally profitable bank challenger serving a distinct segment of the market, it was great to receive such strong and quick support from the VC’s. We service mid-market clients from over 190 countries, supporting their high-value international payments through our extended correspondent network; a market that is dramatically underserved by both the pure online players and big merchant banks."
Ivan Zhiznevskiy
CEO at 3S Money Club
Investor perspective
"We are happy to support 3s.money in the new round and we believe that their excellent product will help companies to do business much better than traditional banks do"
Artyom Inyutin
Co-founder and Managing Partner, TMT Investments
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
3S Money Club
3S Money Club provides digital business accounts and cross border payment solutions for corporate clients.