Level39 member Token raises $15.7m in Series A round

Level39 member Token raises $15.7m in Series A round

High-Growth Level39 member Token has announced a Series A fundraising round of $15.7 million from major investors including Octopus, EQT and OP Financial Group.

Token joined Level39 in Summer 2016, taking an office on our High Growth Space: 24 in January this year. Headed up by Steve Kirsch, serial entrepreneur and San-Francisco tech legend, Token have been growing steadily to make the most of the PSD2 regulation approaching imminently.

Token’s tech is used to facilitate payments for banks as smart tokens. Using the Token network the sensitive card and account data never leave’s the bank’s systems.

Steve Kirsch, CEO and founder of Token, comments: “Securing the backing from such world-class investors allows us to grow and execute faster on our mission to reinvent the world’s payment systems by providing common, secure access to all banks and a modern, bank-centric payment ecosystem.”

Watch CEO Steve talk about the impact of PSD2 on banking with Level39TV here: