- 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
