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Toscafund invests EUR25m in Lemon Way

“Pan-European payment processor, Lemon Way has secured a EUR25 million investment from London-based specialist financial services investor, Toscafund Asset Management (Toscafund)” reports privateequitywire.co.uk. Lemon Way intends to develop its products further, through modular proprietary APIs and new payment services in line with the requirements of its clients.Lemon Way is a Paris-based regulated payment institution focusing on marketplaces, crowdfunding platforms and e-comerce websites that require payment processing, wallet management and third-party services in a KYC/AML-regulated framework.Toscafund’s investment will allow Lemon Way to expand its output and collaborate with banks, forging strategic partnerships aiming to provide flexible customised solutions to banks’ marketplace and e-commerce customers.
 
Source: privateequitywire.co.uk



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