Enfuce will use the new capital to further accelerate growth internationally as well as development of the company’s leading technology platform.

Enfuce is one of the fastest growing fintech companies in Europe and the first to run a card issuing platform fully in the cloud. The company’s card-as-a-service platform sits at the core of an accelerating shift in the financial services industry towards modern API-first card issuing and payment processing solutions. With Enfuce, clients can bring modern and feature rich end-customer card and payment solutions to the market at unparalleled speed and benefit from superior platform stability and uptime performance. Key applications for Enfuce’s platform include expense management, neobanks, fuel cards, loyalty programmes, as well as corporate and consumer lending.

Founded in 2016, Enfuce has over 13 million active card users on their platform for whom Enfuce processes close to €1 billion transactions annually. Enfuce recently expanded its geographic presence in Germany and France. In addition to Vitruvian Partners, the company is backed by Tencent, Maki.vc and other early-stage investors.