Dimebox raised €5 million in a Series A round from the BillPro Group, a leading global payment processing organization. According to Finextra, this funding will further the company’s growth and expand its platform capabilities.
“With a team of international payment experts, we have built a platform to address issues that financial institutions have struggled with for some time: future-proof and easy-to-integrate payment technology all in one place.” said Raymundo Leefmans, CEO and co-founder of Dimebox. “Our in-house built platform offers a variety of modules that can be leveraged independently, as well as in a full-stack acquiring solution — modules that are otherwise offered by different suppliers. As a result, the Dimebox service can be adjusted to provide the highest level of automation, increase conversion and decrease (operational) costs significantly.”
Located in Amsterdam, Dimebox provides technology to financial institutions, helping them to improve and expand their payment processing businesses. The FinTech startup’s platform gives its clients complete control over all of their payments, which in turn helps to expand automation and cut costs.
“At BillPro we are constantly looking for ways to use innovative technology to better serve our global customers and streamline their payment process," said Daria Rippingale, CEO of the BillPro Group. “Our partnership with Dimebox will give us access to the latest acquiring processing technology, helping us to expand in Europe.”