SeQura Sets New Record of €410 Million in Funding

• The Spanish fintech company has closed over €410 million in combined debt and equity financing, backed by major partners like Citi, M&G, Chenavari, and Svea Bank.
• With sustained 50% annual growth and a presence in 5,000 merchants, seQura is gearing up for international expansion into four key markets.

Barcelona, November 12, 2024 – SeQura, one of Southern Europe’s leading fintech companies, has closed over €410 million in debt and equity funding, led by Citi and supported by M&G, Chenavari, and a convertible loan from Svea Bank. This milestone highlights the confidence of some of Europe’s top investors in seQura’s business model and vision.

Today, seQura’s innovation hub employs nearly 400 people and delivers payment technologies and digital shopping experiences to over 5,000 merchants and 2 million shoppers.

With €100 million in annual revenue and a remarkable 50% growth rate sustained over the past six quarters, SeQura now ranks as one of Spain’s most promising fintech companies. Unlike many of its competitors, this fintech stands out for being both profitable and rapidly growing. ‘Citi has been proud to support seQura over the past two years and we are excited to grow our partnership with them further,’ said Nils Sceery, Director in Private Markets Coverage – Spread Products at Citi. 

Lennart Ågren, CEO and founder of Svea Bank expressed his support, stating ‘We have been strong believers in SeQura from the start, and are pleased to reinforce our commitment as the company continues to grow. SeQura’s vision aligns with our goal of offering innovative payment solutions that benefit consumers and businesses alike.’

An ambitious expansion plan

With this new financial backing, seQura is set to enter four new international markets, including the US, the UK, and Germany, aiming to triple its business volume by 2027. The fintech also plans to strengthen its focus on two key verticals:

• OptiQa: A subscription model for the optical sector that helps merchants build customer loyalty by giving users the convenience of never having to buy glasses again.
• EduQa: A SaaS platform that makes education more accessible to thousands of students and institutions through flexible payment options.

Commitment to innovation 

The company is also preparing to launch tailored solutions for the travel and dental sectors, expanding its offering to meet the specific needs of more industries.

SeQura’s CFO, Markus Jennemyr, stated: ‘The support from major investors like Citi, M&G, Chenavari, and Svea Bank will enable us to continue innovating and growing profitably. We’re excited about what lies ahead.’ 

- - -

About seQura

seQura is a leader in payment technology and digital shopping experiences, helping merchants acquire and retain more customers while empowering shoppers to meet their goals through smart shopping. Headquartered in Barcelona, seQura specializes in retail stores, educational centers, optical stores, travel agencies, and dental clinics, offering flexible payment solutions, new subscription models, and loyalty programs tailored to the challenges of each vertical. Growing at 60% annually and aiming to reach 100 million in sales by 2024, more than 2 million shoppers and 5,000 merchants consider it one of the top-rated fintech companies on the market, with a Trustpilot rating of 4.7 out of 5 and an NPS of 87%. Visit sequra.com for more information.