3 years ago

Paytrix Secures £5 Million Funding to Expand Embedded Payments Platform

  • Paytrix, a London-based embedded payments company for vertical software platforms, has raised £5 million in funding led by Hambro Perks, with participation from Bain Capital Ventures, Fin VC, Better Tomorrow Ventures, The Fintech Fund, and other angels

  • The company intends to use the funds to expand operations and its business reach

  • Paytrix is building a regulated payments curation layer, embedding financial infrastructure in one ecosystem, allowing users to consolidate multiple providers, contracts, and relationships into one curation layer for best in class coverage, real-time access, optimized economics, and intelligent routing

  • The company offers Payment Acceptance, Banking-as-a-Service, and Real-time Payout solutions to marketplaces, eCommerce, Web 3, and gig economy players.

      • ProblemTechnology Infrastructure

      "It's a pain for vertical software platforms to integrate with multiple payment providers, manage contracts and relationships, and get the best rates and coverage."

      Solution

      "Paytrix provides a regulated payments curation layer that simplifies the process for businesses by consolidating multiple providers, contracts, and relationships into one platform, offering best-in-class coverage, real-time access, optimised economics, and intelligent routing. It offers Payment Acceptance, Banking-as-a-Service and Real-time Payout solutions to marketplaces, eCommerce, Web 3 and gig economy players."

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