Ivy

Ivy is a Berlin-based FinTech company founded in 2021 that specializes in real-time account-to-account (A2A) payments using open banking infrastructure. The company has raised $30 million from investors, including Valar Ventures and Creandum, and operates in 28 countries with offices in Munich, London, and Helsinki. Ivy aims to replace traditional card-based transactions with instant, low-cost bank payments. Ivy offers a range of services, including instant payments that settle funds immediately, recurring payments for automated subscriptions, and instant payouts to bank accounts. Their open banking API connects over 5,000 banks and 400 million accounts across Europe, facilitating seamless transactions in 24 currencies. Key features include smart routing for optimal payment performance, fraud reduction through Strong Customer Authentication, and white-label customization for branded payment experiences. Ivy targets industries like e-commerce, SaaS, and gig economy platforms, focusing on reducing payment costs significantly.