PayKey Raises $10m in Funding

Funding Rounds

▤ Summary

PayKey, an Israeli developer of a mobile app which enables bank customers to transfer money to friends in chat apps, raised $10m in funding.The round was led by MizMaa, with participation from SBI Group, Digital Ventures, SixThirty and FinTech71.The company intends to use the funds to further develop its service and expand its business reach.Led by Daniel Peled, CEO & Co-Founder, Offer Markovich, CTO & Co-Founder, and Omer Paz, COO, PayKey provides a patent-pending keyboard app that adds optional banking icons to the bottom of the screen during conversations in Facebook’s Messenger, WhatsApp and Twitter.The company, which has already signed commercial deals with banks including Westpac, Turkey’s Garanti Bank and Bank Leumi, had raised $6m in November 2006.

$ Funding

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Amount $10.0M Total raised
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Date November 20, 2017 Announcement date
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Investors - Lead investors
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Company http://www.paykey.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Data Management

◇ AskAI Classifications

Labels
Fintech Embedded Banking Software SaaS

▦ Linked Companies

PayKey
$1M to $5M