eWise, a provider of online payments and online financial management solutions, has completed a funding round led by Balderton Capital, one of Europe’s largest technology investors.

The firm has raised USD12.1m to accelerate the US rollout of Secure Vault Payments, an online banking e-payments network; launch and support operations of an online banking e-payments network in the UK; and expand the online Personal Financial Management division in the UK, China and Asia Pacific.

Dharmash Mistry, partner at Balderton, has joined the board of eWise.

Other major investors include Atlanta-based Total Technology Ventures and Patagorang, led by Roger Allen and Stanley S. Shuman of Allen.

Mistry says: “We are very excited by the bold vision of eWise. In SVP, the compelling yet simple proposition of allowing customers to pay for online purchases through their own bank accounts, we believe that eWise has developed an innovative game-changing payments solution. At the same time, we are confident that Alex and his team will successfully accelerate the global rollout of eWise’s leading online personal financial management product. I am pleased to join the board of the company.”

eWise operates in the US, UK, China and Australia. Clients include Citibank and First Direct (part of HSBC) in the UK, Ping An in China and Westpac in Australia.

eWise founder and chief executive Alexander Grinberg says: “eWise already operates on a global scale and this latest round of investment by Balderton and our existing investors TTV and Patagorang will enable us to accelerate the roll out of the SVP network in the US and mine new revenue streams. We are delighted to welcome Dharmash to our board of directors.”