Episode Six Raises $7m From HSBC, Mastercard, SBI Investment - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Episode Six

Episode Six Raises $7m From HSBC, Mastercard, SBI Investment

July 22, 2020

Episode Six has raised $7 million of its Series A funding, led by HSBC, and includes other big names such as Mastercard and SBI Investment. With this new funding, the startup will continue to grow and expand globally, delivering enhanced technology that powers digital transformation for companies and institutions in financial services, fintech, health tech, and more.

Episode Six has expanded across the globe, setting its footprint in Tokyo, Singapore, and London. Its products, IONIC and Vertices, allow for flexibility and innovation in creating state-of-the-art, customer-centric financial and payments products. The firm’s products are currently being used by 3 million consumers and businesses.

John Mitchell, CEO & Co-Founder of Episode Six

John Mitchell, Chief Executive Officer at Episode Six, commented: “Financial institutions and innovators in other industries like healthcare are beginning to realize the constraints of legacy technology, especially given the increasing demand for new products and streamlined efficiencies. We have developed financial technology which, via more than 500 APIs, facilitates that next level of configurability for companies looking to digitize their account and payments infrastructure or launch new products and solutions. We are pleased our investors share the same vision of helping businesses bring their offerings into the future.”

Brian McKenney, Chief Innovation Officer of HSBC’s Global Liquidity and Cash Management division, said: “Episode Six has proven the power of its technology in Asia-Pacific, helping us develop digital wallet propositions to better serve our customers. We look forward to exploring opportunities for expanding our product roadmap with Episode Six across other markets in the future.”

Jason Lane, Executive Vice President, Market Development Europe at Mastercard, commented: “Mastercard is committed to drive the digital economy making lives added, seamless and secure. Fostering innovative banking services is essential for us to realize this commitment. To that end, we’re pleased to support Episode Six in its endeavor to expand its activities in Europe.”

The company was founded by a trio of entrepreneurs: CEO John Mitchell, CTO Futeh Kao, and CFO Chermaine Hu. The platform is designed to be a future-proofed solution for companies that license it, offering unparalleled product customization and on-demand product management capabilities.

The firm was recently selected by Visa as a partner in its Fintech Fast Track program for hosted financial and payments product solutions in Asia Pacific (APAC).

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