Kevin Raises $65M As It Charges Ahead On Account-To-Account Payments Over Point-Of-Sale Terminals

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Today, a startup called Kevin that’s taking one piece of that puzzle — payments made from account to account, an alternative to payment card payments that bypasses those rails — and making it more easier and more ubiquitous to use through the development of whole new set of payments infrastructure that integrates directly with banks, is announcing a significant Series A of $65 million to double down on its business after some strong initial traction. Years in the building, Kevin had a lot of naysayers initially, skeptical that APIs could be built to integrate with banks, which have traditionally been slow to embrace them and open up their services to others. “Offering a fast, seamless payment experience, with reduced costs and increased authentication rates, the time for A2A payments is now and Kevin has already had impressive momentum with its offering. With the launch of its unique POS payments product, the opportunity ahead is huge and we’re looking forward to partnering with the team on their journey.”One interesting twist here will be whether and how Kevin and those like it will be integrated with mobile wallets.Today Kevin operates in services when a merchant has integrated its tech into their own point of sale, whether it’s physical or electronic and in an app.