Focalpay: Raises 15m SEK in Funding for its Payment-Integrated Commerce Platform
- Focalpay, a Stockholm-based commerce platform, has secured 15M SEK in investment from Icelandic investor SKEL
- The platform merges payment and retail functionalities, breaking down the boundaries between payment, and checkout
- Merchants using its can enjoy lower transaction fees, reduced emissions, and access to the latest innovations
- The investment will be used to continue developing its commerce platform with new features
- It has already rolled out its platform to multiple clients in Scandinavia and intends to enter the European market in Q4 of 2023
- The company has 30 customers ranging from one of Sweden’s largest retailers to multiple independent groceries
