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Payabli Closes $12,000,000 Seed Round to Make Software Companies, Payments Companies
“There’s a tectonic shift of trillions of dollars of payments volume migrating from legacy systems and distribution to Vertical SaaS companies. Its developer friendly API allows for Software companies to easily integrate omni-channel payment acceptance capabilities like Invoicing, Virtual Terminals, Card Present solutions, subscription billing and more. “As software companies look for creative ways to grow revenue, adding payments as a core part of their business model is a powerful lever,” says Neil Kapur, Partner at TTV Capital. “Simply put, Jo and Will have everything we look for in a founding team – a proven track record of scaling businesses, deep industry knowledge in the payments space, and product-market fit that continues to outperform expectations.” “We strongly believe that brands, merchants, and ISVs of any size should be able to transform payments from a complex and laborious cost center to a meaningful revenue driver that actually enhances their end customer experience,” says Gabriella Brignardello, Vice President at Fika Ventures. The new round of funding will go to further catalyzing growth, streamlining and enhancing the implementation process for Software companies, and investing in the continual innovation, stability and security of the Product.