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HomeFinTechPayaut: Raises Over $3M in Seed Funding

Payaut: Raises Over $3M in Seed Funding

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  • 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

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