The international venture fund Global Paytech Ventures has invested a double-digit million kroner amount in the North Jutland fintech business Subaio.
Subaio has developed a solution providing users with an overview of their subscriptions and recurring bills to e.g. suppliers of music, film, streaming, software and magazines. The solution is also an effective tool against unwanted subscription traps which will be easier to avoid.
Global Paytech Ventures is the only venture investor focusing exclusively on investments in innovative payment technologies. The fund was founded by Javier Perez, who is the former long-time president of Mastercard Europe.
Accura advised Subaio in connection with the investment.