Fintech startup EasyEuro raises US$4 million funding to launch a Neobank for cross-border SME traders between Europe and Asia

Paris and Shenzhen based Fintech startup, EasyEuro, offering digital banking services to SME trading between Europe and Asia - with initial focus on China, has announced the completion of a US$4 million pre-A funding round. This round of financing is mainly to be used to accelerate company growth in product development, talent recruitment and market expansion.

China and Europe are the largest trading partners in the world. Import and Export volume between China and Europe from SME businesses reached US$323 Billion in 2018 covering goods such as textiles, furnitures, toys，foods，wine, cosmetics etc. and online eCommerce via Amazon, Shopify, France's Cdiscount etc. is over US$100 Billion in 2018. These SME businesses, mostly located in as many as dozen European countries, lack the ability to easily receive and disburse payments in currency of their choice. Chinese SME also has a difficult time of conforming to European banking practices.

To learn more about EasyEuro, please visit www.easyeuro.eu