🏆 Deal of the Week · CW 18/2022
kevin. raised EUR 61.82M in a Series A round; the company's valuation was not disclosed. The round drew participation from a broad syndicate of European and global investors, with Accel and Eurazeo among the most prominent names. The financing was recognised as Venionaire DealMatrix's Deal of the Week for KW 18/2022.
kevin. — key deal facts
| Company | kevin. |
| Founded | 2017 |
| Headquarters | Vilnius, Lithuania |
| Amount raised | EUR 61.82M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series A |
| Investors | Accel (https://www.accel.com/) Amit Jhawar Eurazeo (https://www.eurazeo.com/en) Global PayTech Ventures (https://gptventures.com/) Harry Stebbings Ilkka Paananen OpenOcean (https://openocean.finance/) OTB Ventures (https://otb.vc/) Speedinvest (https://www.speedinvest.com/) |
| Sectors | FinTech |
Who invested in kevin.?
The Series A was backed by Accel, Eurazeo, Global PayTech Ventures, OpenOcean, OTB Ventures, and Speedinvest, alongside individual participants Amit Jhawar, Harry Stebbings, and Ilkka Paananen. The investor mix is notable for combining specialist payments funds with generalist European growth investors and high-profile angel operators, signalling broad conviction in kevin.'s account-to-account infrastructure thesis at the time of the round.
What does kevin. do?
kevin. is a FinTech payment infrastructure company headquartered in Vilnius, Lithuania, founded in 2017 by CEO Tadas Tamošiūnas and COO Pavel Sokolovas. The company built account-to-account (A2A) payment solutions designed to replace traditional card transactions for merchants, e-commerce platforms, and financial institutions. Its product suite comprised secure APIs, mobile SDKs, plug-ins, and third-party integrations, enabling banks and fintechs to deploy payment products without holding their own payment licences. In 2024, a Lithuanian court declared the company insolvent and initiated bankruptcy proceedings.
kevin. valuation & multiples
No existing multiples analysis was provided for this deal. For context on valuation benchmarks applicable to payment infrastructure and broader FinTech businesses, Venionaire DealMatrix publishes sector-specific EV/Sales and EV/EBITDA multiple ranges on its FinTech sector multiples pages — visit those pages to apply current market comparables to deals in this space.
Explore the benchmarks: Series A.
Frequently asked questions
How much did kevin. raise in its Series A?
kevin. raised EUR 61.82M in its Series A round, recognised publicly in May 2022 (KW 18/2022).
What is kevin.'s valuation?
kevin.'s valuation was not disclosed as part of the Series A announcement.
Who invested in kevin.?
The Series A investors include Accel, Eurazeo, Global PayTech Ventures, OpenOcean, OTB Ventures, Speedinvest, Amit Jhawar, Harry Stebbings, and Ilkka Paananen.
When was kevin. founded and where is it based?
kevin. was founded in 2017 and is headquartered in Vilnius, Lithuania.
Source: original announcement — read the full report.