COBALT advised kevin. on attraction of $65m investment

COBALT advised a Lithuanian FinTech startup kevin. that provides unique payment infrastructure for online, mobile, and physical sales, which has secured $65 million. Kevin. raises $65 million in the Series A funding round to bring account-to-account payments to existing POS payment terminals.

The company is going to make account-to-account payments the primary method to pay and get paid online and offline. The round is being led by Accel, with Eurazeo and previous backers OTB Ventures, Speedinvest, OpenOcean and Global Paytech Ventures also participating. Harry Stebbings of 20VC; Ilkka Paananen, CEO & co-founder of Supercell; and Amitabh Jhawar, ex-CEO of Venmo are some of the individuals also investing in the round.

COBALT advised on the structuring of the transaction, drafted transaction documentation, represented kevin. finance in negotiations, conducted legal due diligence and advised on other transaction-related matters. COBALT team consisted of Partner and Co-Head in the Banking and Finance Practice Group Akvilė Bosaitė.