Ozone API leads Open Banking in UK, raises £8.5m

Ozone API leads Open Banking in UK, raises £8.5m

A Ozone API, the Open Banking API platform that led to the development of open ecosystem standards in the United Kingdom, has raised £8.5 million (equivalent to about R$53 million at current exchange rates). Led the fintech's Series A round Gresham House VenturesA British fund specializing in scaling high-growth software and technology businesses.

A Ozone API It plans to use the funding to accelerate its global expansion as Open Banking is now progressing in more than 60 markets around the world. For example, in Brazil, there is an agreement with the company TecBan For development of open financial platform.

Established in 2017, Ozone API It helps banks around the world comply with open regulation and generate new revenue streams from the system. In practice, the British fintech platform provides the technology so that companies can unlock the power of open financial data.

“Open finance is now an unstoppable transformative force, and we are delighted to be at the forefront of this transformation. Gresham House Ventures partnering with us to accelerate our global expansion,” said Huw Davies, co-founder and CEO. Ozone APIIn reference.

In Brazil, the company officially launched in November 2022 with an operation based in São Paulo. Business in Latin America is led by ex-Brazilian Fabio CaldeiraTecBan.

Also read:

Lina, the 'open' solutions infrastructure, confirms the new contribution

Backed by PayPal and Samsung, Uruguayan Promitio Raises US$13 Million and Targets Brazil

Clavi now holds the “key” to regulated open finance

The Role of Open Funding for Financial Inclusion in Latin America

See also  NGO against UK support for Cabo Delgado gas project

You May Also Like

About the Author: Morton Obrien

"Reader. Infuriatingly humble travel enthusiast. Extreme food scholar. Writer. Communicator."

Leave a Reply

Your email address will not be published. Required fields are marked *