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Payaut: Raises Over $3M in Seed Funding

December 7, 2020

Payaut, an Amsterdam, The Netherlands – based fintech startup, raised over $3m (€2,65m) in seed funding round
The round was led by LocalGlobe with participation from previous investor Finch Capital and Entrée Capital
The company will also use the funds to scale its payment service for online marketplaces and to roll out in the rest of Europe
Payaut provides a complete payment solution for online marketplaces taking care of everything regarding payments towards the platform and the vendors it hosts
The service functions as an intermediary between sellers and the different Payment Service Providers (PSPs)
The company has also raised a total of $4.35m (€3.65m) in funding with international investors and angels from the payment industry