LoopingOne, a flexible KYC and payments platform for marketplaces and platforms, has raised £800,000 in a seed funding round led by Ebury.
The investment aims to further develop the LoopingOne product and start the Electronic Money Instiitution (EMI) application process at the Dutch Central Bank (DNB). An integration with Ebury will also give LoopingOne the capability to offer multi-currency services to its marketplace customers from the get-go.