French startup TagPay lands €25 million

The French startup TagPay has raised €25 million in its latest funding round led by Long Arc Capital, an American private equity firm based in New York. Long Arc will use its resources to help TagPay, including strategic advice, human capital, expertise on product and technology development topics, as the startup continues to help financial institutions with its complete suite of scalable and open Core Banking System technology. 

TagPay is on a mission to transform the legacy Core Banking System (CBS), often considered as expensive and slow, into scalable technology platforms with an open architecture and low total cost of ownership. 

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