Lithuanian fintech startup kevin. raises $1.8 million

kevin., a Lithuanian payments startup, has raised $1.8 million in seed funding. The funding came from European business angels from the finance and insurance industries, Fintech Baltic reports.

Founded in 2017 by CEO Tadas Tamošiūnas and COO Pavel Sokolovas, kevin. is a payments startup, that provides a secure and developer-friendly payments infrastructure accessible via an API. The company allows businesses to accept payments directly from banks, cutting out the card networks and making the payment process faster, and more convenient. kevin. has just launched its first-of-its-kind seamless payment solution based on PSD2.

 The raised money will allow the startup to launch its first-of-its-kind PSD2 payment solution to new sectors and markets in Europe. To date, kevin. operates across the Baltics, Poland, the Netherlands, and Portugal.