https://techcrunch.com/2022/05/03/kevin-raises-65m-as-it-charges-ahead-on-account-to-account-payments-over-point-of-sale-terminals/

Payments remains a very fragmented business around the world: depending on where you’re buying or selling something (and whether you are selling online or offline) you will have different “standard” payment methods, currencies and settlement schemes and more. Today, a startup called Kevin that’s taking one piece of that puzzle — payments made from account to account, an alternative to payment card payments that bypasses those rails — and making it more easier and more ubiquitous to use through the development of whole new set of payments infrastructure that integrates directly with banks, is announcing a significant Series A of $65 million to double down on its business after some strong initial traction.

It has already picked up 6,000 merchants in 12 markets in Europe, starting first with electronic point of sale, and more recently with an integration with physical POS terminals. Its plan is to be available as a payment option across some 35% of European electronic point of sale terminals by the end of this year, and then 85% the year after that, “same as any card scheme,” said CEO Tadas Tamosiunas in an interview.