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A2A payments firm Aeropay raises $20m

American open banking account-to-account payment fintech Aeropay has raised $20 million in a Series B funding round led by Group 11.

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A2A payments firm Aeropay raises $20m

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Chicago Ventures and Continental Investment Partners joined the round, the proceeds of which will be used for product development and market expansion.

Aeropay’s platform connects bank accounts using a homegrown bank aggregator, with customisable integrations via a full suite of open APIs.

The firm has experienced 10X revenue growth over the past year and is processing over $1 billion in volume annually, reaching cash-flow profitability in Q4 2023.

Daniel Muller, CEO, Areopay, says: "We've built a bank-driven payments network that protects businesses against fraud, saves them money, and gives their customers an easy way to pay."

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