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MADRID, Feb. 24, 2021 /PRNewswire/ Amidst and despite the Covid-19 crisis, Card Dynamics has raised 2.5M€ as it consolidates its roll out in Spain and Latin America. Big Sur Ventures has led the round, accompanied by GAA, an investment management firm based in the US, and other private investors.
Whilst these are unfavorable times for fintech fundraising, Card Dynamic s focus on subscriptions and the growing transition to card payments has allowed the company to gain traction with banks and retailers and secure funding. Growth in new subscriptions immediately increased during the first few weeks of the Covid period, ranging from 20%-40% higher than the pre-Covid timeframe. April saw the highest growth of any month with a peak growth of 85%