DLA Piper has advised Episode Six, a next-generation financial technology provider, on its recent USD7 million Series A funding. The round was led by HSBC and includes investments from Mastercard and SBI Investment Co., Ltd., which first invested in Episode Six through its FinTech Business Innovation Fund in 2017.
With this new funding, Episode Six 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. In the past year, Episode Six has expanded its footprint in three of the world’s largest financial markets – Tokyo, Singapore and London – and rolled out its latest technology enhancements, IONIC and Vertices, which allow for unprecedented flexibility and innovation in creating state-of-the-art, customer-centric financial and payments products.
DLA Piper’s Corporate partner Heng Loong Cheong, who led the team advising on the transaction, said: “We are delighted to have worked with Episode Six on this market leading tech deal, at a time when the global pandemic is accelerating the banking and payments industry to usher in a ‘new normal’ that is here to stay. This deal highlights our continuing focus and commitment to the tech industry. The pandemic has brought about profound change in digital transformation for companies and institutions within financial services, fintech, health tech and more, and we are excited to advise clients on their evolving journeys.”
Episode Six was founded by payments pioneers with the mission of redefining what is possible in the financial services and payments industries. It has since grown to be a trusted provider of financial technology for financial institutions and innovators in other industries like healthcare. Currently, three million consumers and businesses use products that have been built using Episode Six technology.
The DLA Piper Corporate team was co-led by partners Heng Loong Cheong (Hong Kong and Singapore), and Jeff Baglio (San Diego), with support from associates Karen Lee (Hong Kong) and Drew Valentine (Austin).