Payaut Raises €8M in Seed Funding
Summary
Payaut, an Amsterdam, Netherlands-based automated payment solution for online platforms and marketplaces, raised €8m in seed funding. The company intends to use the funds to expand its operations across Europe with the roll out of its new multi-currency platform, which will enable customers to accept payments in currencies including USD, GBP, JPY and AUD. founded in late 2019 by Ernst van Niekerk, Payaut is a fintech company that offers an automatic payment solution for online platforms and marketplaces. With the system, these online marketplaces can seamlessly pay their sellers and ensure compliance with PSD2 legislation while having flexibility on which payment provider(s) they use. It also provides automated solutions such as reconciliation, balance management, invoicing, seller verification through KYC checks, and split payments.
Funding
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