Portfolio
2
companies
Token
Open banking payments platform facilitating account to account transactions.
Webiny
Webiny develops an open-source framework that helps engineers build and deploy serverless applications.
The financing round was co-led by Cota Capital and TempoCap to drive the adoption of account-to-account payments.
"In the next four years, the global value of open banking payments is expected to exceed $116 billion, with Europe accounting for 75% of all transactions,"
The Y Combinator-backed open-source framework secured backing from M12, Samsung Next, Episode 1 and Cota Capital to scale its developer tooling.
"We see the mandate inside organisations to adopt serverless is coming from the top. The technical executives see serverless as a competitive advantage for their business. It’s the same market motion we saw several years ago when organisations moved from on-premise solutions to the cloud. This wasn’t a bottom up adoption, but rather a top-down approach. This same is now happening with serverless and it is our goal at Webiny to enable this new wave of infrastructure transformation."
