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Payengine Secures $10 Million In Series A Funding

May 23, 2022•over 3 years ago

Amount Raised

$10 Million

Round Type

series a

Los Angeles

Description

PayEngine, a white-label payments-facilitation platform for vertical SaaS companies, has raised $10 million in Series A funding led by Point72 Ventures, a global venture capital strategy. Leading capital equity firms Mucker Capital, BAM Ventures and K5 Global are also participating in the investment.

Company Information

Company

Pay Engine

Location

Los Angeles, California, United States

About

PayEngine is the unique payments platform designed to help vertical market software vendors maximize payment revenue, eliminate liability and reduce complexity, and own and improve customer experience. With PayEngine's platform, software vendors can set their own rates over interchange, control margins and retain the majority of their profits; eliminate MOR liability and dispute management, PCI/data security and compliance issues; and integrate with APIs, drop-in widgets and customizable UI. For more information, visit https://payengine.co.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech