2 years ago

Paytrix Secures $18.3 Million to Build Out Its One-Stop Payments Platform

  • Paytrix, a UK-based fintech startup, has raised $18.3 million in Series A funding led by Unusual Ventures, Motive Partners, and Bain Capital Ventures

  • The company aims to simplify international payments for businesses by offering a single platform and contract that manages all payment options, from acceptance to payouts

  • Paytrix integrates directly with local payment schemes through tier-one banks or locally integrated payment partners, bypassing traditional payment rails

  • The company currently processes payouts in 133 currencies and 200+ countries, including real-time FX

  • Paytrix is targeting not just e-commerce companies but also others that need to make and manage payments across multiple countries, such as payroll providers.

      • ProblemFinancial Services

      "Companies face complexity and costs when making and managing payments across multiple countries"

      Solution

      "Paytrix provides a one-stop payments shop with a single platform and contract, integrating directly with local payment schemes through tier-one banks or locally integrated payment partners"

      Covered on