Fintech startup Buckzy Payments picks up $14.5m in Series A

Buckzy Payments is a Toronto-based financial technology startup focused on real-time cross-border payments.

  • Mistral Venture Partners and Uncorrelated Ventures led the round
  • Other backers included Luge Capital, Blue 9 Capital and Revel Partners
  • As part of the deal, Karim Gillani, a former Xoom and PayPal executive and current general partner of Luge, will become a board advisor

Buckzy Payments, a Toronto-based financial technology startup focused on real-time cross-border payments, has secured $14.5 million in Series A financing.

Mistral Venture Partners and Uncorrelated Ventures led the round. Other backers included Luge Capital, Blue 9 Capital and Revel Partners. As part of the deal, Karim Gillani, a former Xoom and PayPal executive and current general partner of Luge, will become a board advisor.

Founded in 2018, Buckzy enables real-time cross-border payments and banking-as-a-service capabilities through an embedded finance platform that is secure, scalable, modular and fully compliant with regulations. Since going live in 2020, the company has added over 140 customers to their client roster including traditional banks, neobanks and fintechs.

The proceeds of the Series A will be used by Buckzy to enter new geographic markets and expand its product offerings.

“The cross-border payments market is approximately $150 trillion globally, and is still significantly underserved,” said Code Cubitt, managing director at Mistral Venture Partners, in a statement. “Buckzy is blazing a path for a much better customer experience, more automation and lightning-fast payments. We are proud supporters of Buckzy’s impressive team, which has the right blend of experience, expertise and insight to build the next generation of crossborder payments.”