KodyPay Raises £1.8M in Funding

KodyPay, a UK-based mobile point of sale app and payment aggregator, has raised £1.8 million in funding led by Cognition Foundry and Hank Uberoi, along with a group of high-profile private investors. KodyPay's platform allows users to pay for goods in-store without queueing, reducing transaction fees by eliminating bulk hardware. The company has partnered with IBM, TES Enterprise Solutions, and Cybersource to build a modular payment stack that allows merchants to work with their preferred payment methods efficiently.

KodyPay Secures £1.8 Million Funding Led by Cognition Foundry

KodyPay is a UK-based mobile point of sale app and payment aggregator, enabling businesses to perform all the necessary actions to carry out a standard electronic transaction and accept a multitude of different payment methods using a web and app-based technology platform.  The company has entered into a partnership with Cybersource, a Visa Solution. KodyPay is working with IBM partners TES Enterprise Solutions and Cognition Foundry, and the platform will be running on the IBM Z Systems.  By removing bulk hardware such as tills and printers, transaction fees can be reduced, and customers can choose to use e-wallets, pay-later providers, or simply use card payments.

A mobile point of sale app and payment aggregator, enabling businesses to accept a multitude of different payment methods using a web and app-based technology platform.

5 years ago

KodyPay Secures £1.8 Million Funding Led by Cognition Foundry

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