Episode Six, a next generation payments technology provider, has raised $7 million in Series A funding, led by HSBC. Mastercard and SBI Investment Co., participated in the funding.

Episode Six has expanded in London, Tokyo and Singapore over the past year, and rolled out its Vertices and Ionic payments technologies. The new funding will help expand globally and help companies in the fintech, financial services and healthtech industries transform themselves digitally.

"Episode Six's technology features a comprehensive set of over 500 APIs,which help companies - from new fintechs to global banks - with digital transformation, enabling them to easily adapt their products, whenever there is a shift in market demand," CEO John Mitchell, told Mobile Payments Today via email. "Episode Six's technology supports a broad range of product use cases, from digital wallets for consumers and businesses, corporate expense products and loyalty programs to health tech solutions."

Brian McKenney, chief innovation officer at HSBC's global liquidity and cash management division, said Episode Six helped the bank develop digital wallet propositions for customers and said the bank looks forward to offering new products in additional markets.