Episode Six, a U.S.-based funds know-how supplier, introduced Wednesday it has secured a $7 million funding dedication from quite a few buyers in a not too long ago closed Collection A funding. The spherical was led by HSBC, with the participation of Mastercard and SBI Funding Co.
Launched in 2015, Episode Six operates as a supplier of next-generation monetary know-how platform. The product is particularly geared in the direction of corporations participating within the fintech, monetary companies, and well being tech industries and works to assist digitize these corporations’ B2B and B2B2C cost options.
Headquartered in Texas, United States, the agency now enjoys a presence in three main monetary markets, particularly in Tokyo, Singapore, and London. Now, with the recent funds derived from the latest Collection A funding spherical, Episode Six is planning to additional broaden its international footprint.
“Financial institutions and innovators in other industries like healthcare are beginning to realize the constraints of legacy technology, especially given the increasing demand for new products and streamlined efficiencies,” stated John Mitchell, CEO of Episode, in a press release.
“We have developed financial technology which, via more than 500 APIs, facilitates that next level of configurability for companies looking to digitize their account and payments infrastructure or launch new products and solutions. We are pleased our investors share the same vision of helping businesses bring their offerings into the future,” he added.
Brian McKenney, chief innovation officer of HSBC’s international liquidity and cash administration division, additionally shared his delight with the newest funding. In response to him, the fintech has already “proven the power of its technology in Asia-Pacific,” and has helped HSBC in creating a digital pockets designed to “better serve” its clients.
“We look forward to exploring opportunities for expanding our product roadmap with Episode Six across other markets in the future,” McKenney added.