US fintech Episode Six secures $48m in Series C funding
Episode Six (E6), a US-based provider of payment processing and banking infrastructure, has raised $48 million in Series C funding.
E6 raises $48 million in Series C funding
The round was led by Avenir, with participation from existing investor Anthos Capital. The funding will be deployed towards expanding E6’s go-to-market efforts and scale its business further.
Founded in 2015 and headquartered in Austin, Texas, E6 provides enterprise-grade payment processing and digital ledger infrastructure for banks and companies looking to offer payments to their customers, with the flexibility to adapt in real-time.
“The burden of relying on legacy technology continues to present challenges, especially at a time when innovation is key to winning and retaining customers,” remarks John Mitchell, CEO and co-founder of E6.
“This, paired with the rising cost of operating legacy technology, is the reason we are seeing a significant increase in interest in our solution.”
Mitchell adds that the funding will help “bolster our presence in global financial markets, putting us in a position to help banks and other companies modernise their payments infrastructure and remain competitive”.
E6 operates globally across 38 countries with teams based in the US, UK, Japan, Singapore, Hong Kong and Australia. Other investors in the company include HSBC, Mastercard and SBI Investment.
