4 years ago

KodyPay Raises £2.35 Million to Expand Payment Services Across UK

  • KodyPay, a UK-based fintech startup founded by teenagers, has secured £2.35 million in funding, bringing its total funding to £4.3 million

  • The oversubscribed round involved existing and new investors, including Hank Uberoi (former CEO of Earthport PLC), Paul Rippon (co-founder of Monzo Bank), Adam Knight (Chairman of CoinFloor and BeZero Carbon), Alok Sama (former President & CFO of SoftBank Group International), and IBM partner Cognition Foundry

  • KodyPay will use the funds to expand its services across the UK, release new product features, and help businesses save money

  • The company's mobile point of sale platform and payment aggregator allows businesses to accept various payment methods, including e-wallets, buy-now-pay-later providers, open banking, and card payments, making transactions quicker and more convenient for customers

  • KodyPay has partnered with major players like Visa, Mastercard, IBM, Checkout.com, Elavon, Laybuy, Nuapay, and the University of York to accelerate its growth.

      • ProblemTechnology

      "making it easier for businesses to accept payments and for customers to pay, by offering a variety of payment options and reducing the need for expensive hardware."

      Solution

      "KodyPay is a mobile point of sale platform and payment aggregator that allows businesses to accept multiple payment methods, including e-wallets, buy-now-pay-later providers, open banking, and card payments. It also removes the need for bulk hardware such as receipt printers, reducing costs for businesses."

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