'The team has created a product that adapts to the habits of young generations and is redefining consumer's financial behavior.'
This story requires our BI Prime membership. To read the full article,Spanish peer-to-peer payments app Verse aims to be Europe's answer to Venmo and has just secured $8 million of seed funding.
Verse is run by former head of consumer marketing for Google in San Francisco, Bernardo Hernandez, and operates as a payments wallet through which customers can send and receive money from other users. P2P is a huge space with banks and corporate giants like Paypal leading the way but companies like Venmo in the US have been a big hit with millennials looking to swap funds quickly and cheaply. Hernandez experienced Google Wallet first hand in California and decided the product had the potential to be a game changer in the payments space.
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