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Token.io raises $40m in new funding

London based account-to-account payments platform raised $40m in new funding led by Cota Capital and TempoCap.

“There’s been an inflection point,” said Clyde. “Open banking solves the barriers of account-to-account payments, and it will allow these to go mainstream. And so the uptake is quite tremendous. We are seeing 10% to 20% month over month growth in volumes in the U.K.”

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payments, uk