Dutch payments startup Fero just raised a $3 million seed round led by Coatue with this 11-slide pitch deck

Dutch payments fintech startup Fero has raised $3 million in a seed funding round from US hedge fund Coatue.

The Amsterdam-based startup, founded in 2022, aims to improve the customer verification process at checkouts and decrease the level of abandoned purchases. Payment authentication, where customer identities are verified, has become much more crucial for businesses since the rollout of Europe’s PSD2 Open banking regulations.