3 years ago

Atoa Payments Raises $2.2 Million in Pre-Seed Funding

  • Atoa Payments, a London, UK-based provider of payments solutions, raised $2.2 million in Pre-Seed funding

  • The round was led by Leo Capital and Passion Capital, with participation from Matt Robinson, and Moon Capital Ventures

  • Atoa Payments provides solutions for small and mid-sized UK retail merchants to accept payments via SMS, Pay-by Link or by displaying a QR code on their app or physical QR stand next to their till

  • Businesses download the app and connect their merchant bank account in less than 5 minutes

  • The company intends to use the funds to accelerate growth, expand operations and its business reach.

      • ProblemFinancial Services

      "Small and medium-sized UK retailers have to wait 1-2 days to receive funds from card payments, making cash flow management challenging."

      Solution

      "Atoa Payments provides a mobile-first payment solution for small and medium-sized UK retailers, allowing them to receive funds instantly through their bank accounts via SMS, Pay-by Link or QR code. Merchants can sign up in minutes, with no contracts, hardware fees, or chargeback fraud risk."

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