Starting today, mobile payments escrow service CashSentinel is available in France. The new launch is made possible by a partnership with SFPMEI, a French electronic money-issuer. This is CashSentinel’s first expansion outside of Switzerland, where it has been operating since 2012 in partnership with pre-owned vehicle-ad platform AutoScout24 and Swissquote bank.
CashSentinel’s mobile escrow service offers a safe place for two parties to buy and sell new and used vehicles (check out our in-depth review of the platform). Since launching in Switzerland, CashSentinel has protected payments for hundreds of parties.
In June of last year, the Switzerland-based company closed a seed funding round of an undisclosed amount. Prior to this round, CashSentinel had raised a total of $650,000 in seed funding and grants. The company was recognized as a Regional Finalist in the 2015 UBS Future of Finance competition.
CashSentinel’s CEO Sylvain Bertolus and Board Director Michael Chaille debuted the Large Amount Payment Service at FinovateEurope 2015 in London.