Account-to-account payments are the structural alternative to card-based payment networks that European regulators have explicitly tried to nurture through PSD2 and open banking. The thesis is straightforward — bank transfers are faster, cheaper, and more direct than the card rails that extract significant fees from every European transaction. Kevin was founded in Vilnius in 2018 to build the infrastructure that turns that thesis into actual product. Its platform enables merchants to accept account-to-account payments at the point of sale and online, using bank transfer technology that settles directly without going through Visa or Mastercard. The merchant value proposition is compelling — significantly lower fees than card processing, with the same checkout experience for customers. Kevin attracted substantial venture funding, raising over $130 million from investors including Accel and Eurazeo, reflecting the size of the opportunity if account-to-account can genuinely displace card payments at scale. The company's progress on building both consumer adoption and merchant acceptance reflects how difficult it is to dislodge card networks from their dominant position even when the technical and economic case for alternatives is strong. In the European payments landscape, kevin represents one of the most ambitious and best-funded bets on the open banking payment thesis.