2 years ago
Atoa Secures $6.5 Million Seed Funding to Expand Account-to-Account Payments
Atoa, a London-based payments startup, has raised $6.5 million in seed funding, bringing its total funding to $8.6 million
The round was led by Valar Ventures, with participation from previous investors Passion Capital and Leo Capital
The funds will be used to expand operations and business reach
Atoa aims to provide a viable alternative to traditional card payments by using account-to-account payments, allowing consumers to approve payments through their existing banking apps.
ProblemFinancial Services
"making in-store payments easier and more convenient for consumers"
Solution
"aprocal card payment method for the UK using account-to-account payments, with consumers simply approving payments through their existing banking app and businesses configuring payment processing via a simple 5-minute set-up process"