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Straal Raises Over EUR 1 Million in First External Funding Round and Launches New Payment Method Based on Open Banking

Straal – an international provider of payment, optimization and fraud prevention solutions for digital commerce – secured over EUR 1 million in its first external funding round. The money will propel product development, help the company to become a licenced financial institution, and speed up its international expansion. The third to be fostered by the new, PSD2-enabled payment method – Straal Direct – which the company is launching in December on selected markets. The raised sum equips Straal to conduct a larger round (Series A) in the 2nd half of 2020.
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Re.volt to Revolutionize Czech Vehicle Sharing with Straal Payments On Board

Re.volt – a new vehicle sharing company from Prague – selects Straal for the exclusive provider of payment, optimization and fraud prevention solutions. Re.volt users can now pay for their rides by credit and debit cards of all major organisations, while the system administrator keeps full control over the company’s financial condition.
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Experts Warn: New Fraud and Chargeback Thresholds Require Revision of Risk Management Strategies

From October 1st, 2019, online merchants accepting Visa cards will have to comply with stricter anti-fraud regulations. Monthly compliance thresholds will be lowered from 1% to 0.9%, which will affect all entities accepting Visa cards, especially companies from high-risk industries. CEO of Straal and CEO of Nethone join forces to explain what consequences the new regulations might bring in.
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