PayKey Raises $6m in Series A Funding
Summary
PayKey, a Tel Aviv, Israel-based social fintech startup, raised $6m in Series A funding.The round was co-led by e.ventures and Wharton Asset Management, with participation from new investors CommerzVentures, Mastercard and Santander InnoVentures, Digital Leaders Ventures, and existing investor Magma VC.The company intends to use the funds to further develop its mobile payment solutions.Led by Daniel Peled, CEO & Co-Founder, and Offer Markovic, CTO, PayKey provides a keyboard app that allows users to make payments within social networks and messaging apps including Instagram, Facebook, Twitter, Whatsapp., etc., from their own bank account.FinSMEs 23/11/2016
Funding
Amount
$6.0M
Total raised
Date
November 22, 2016
Announcement date
Investors
Santander InnoVentures, Infinity Ventures Japan, Magma Venture Partners, CommerzVentures
Lead investors
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