Prolaz, the B2B FinTech company redefining payment acceptance across Europe, announced today that it has secured up to EUR 1.3 million in funding to support its expansion across European markets. The investment comes from New Vision 3 Fund, managed by NV3, along with participation from a private investor.
The new funding will enable Prolaz to accelerate its growth strategy, enhance its intelligent payment infrastructure, and expand its network of partnerships with banks and merchants in key European countries. Prolaz’s PCI-DSS certified gateway uses intelligent switching to route transactions in real time, helping merchants lower processing fees while enabling banks to access greater transaction volumes at reduced operating costs.
“This investment marks an important milestone for Prolaz as we scale our operations and deepen our presence across Europe” said John Jager, CEO and co-founder of Prolaz. “We are grateful for the trust placed in us by New Vision 3 Fund and our private investor. Their support will help us deliver smarter payment solutions that drive real savings and efficiency for our partners.”
Prolaz plans to use the funds to further develop its technology platform, expand its local acquiring connections, and grow its team to support new and existing markets.
“We are excited to back Prolaz in its mission to modernize payment acceptance in Europe” said Danail Petkov, Chief Financial Officer of Prolaz. “This funding will enable us to accelerate innovation and continue building value for banks, merchants, and the wider payments ecosystem.”
