Swedish fintech Startup raises US$1.2 Million Seed Funding

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Zaver- a Swedish fintech startup has made news. The firm that has developed a payments platform has raised a little over US$1.2 million in seed funding. Primarily, the payment platform aims to facilitate peer-to-peer trades along with other offerings.

The Swedish firm has backing of venture capital firms Inbox Capital and Inventure, This is along with a number of well-established angel investors, which include Joen Bonnier, Pontus Hagnö, Tom Dinkelspiel, Fabian Hielte, Bo Mattsson, and Fredrik Österberg.

Zaver aims to bring a furore in the P2P payment solution space. Towards this, the fintech firm is developing SaaS as well as accompanying apps. Meanwhile, the prospective offerings aim to bring together consumers, sellers, and merchants, and to promise a platform for secure payments on the user’s terms.

Zaver aims to add Flexible Payment Option on its proprietary P2P payment platform

However, the intent of Zaver, with its solutions, is to facilitate trades between peers. To provide a solution that will enable flexible payment methods between peers. This includes options such as direct payments, installments, and buy now, pay later.

This flexibility of payment option requires additional layer of technology on the serving platform. An intelligent fraud detection algorithm that works in sync with automatically created verified digital agreements. The feature will appear on the interface of the payment platform visible to the transacting parties.

Nevertheless, the Zaver app is unique in a way. It is the first platform-free checkout solution for P2P transactions.

The solution has other features too. The solution features intelligent fraud prevention, automated and instant credit decisions, and cryptographically secure signed digital receipts. For the most part, the solution enables safe payments between peers who actually do not know each other that too on their own terms.

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