Payverse Inc Announces the Closing of its Seed Round of Funding
Summary
Payverse, a leading payment processor focusing on enabling global commerce via emerging technologies, today announced a new funding round led by The Artemis Fund with Alpha Ascent Ventures, Frank Mastrangelo, Mary Wieler, and Jonathan Palmer. Payverse is poised to transform the payments industry by making it easier and more cost-effective for businesses and consumers to transact globally. We are proud to lead the companys seed round which includes other top FinTech experts and industry leaders, said Stephanie Campbell, General Partner at The Artemis Fund.The investment will be used to hire key talent and further develop Payverses product roadmap - enabling more untapped global commerce capabilities. Payverse is beginning with US-based UPI acquiring and bank sponsorship models but will expand across different products and services in the coming months. Payverses current product and service offerings include UnionPay US bank sponsorship and acquiring for all 9 billion UPI issued credit and debit cards as well as a modern, modular, end to end payment processing platform suited for existing payment processors accepting any type of payment.About The Artemis Fund: Artemis is a venture capital firm on a mission to diversify the face of wealth.