PayEngine Raises $10M in Series A Funding
- PayEngine, a Los Angeles, CA-based white-label payments-facilitation platform for vertical SaaS companies, raised $10m in Series A funding
- The round was led by Point72 Ventures, with participation from Mucker Capital, BAM Ventures and K5 Global
- The company intends to use the funds to grow its team, expand access to clientele, develop more financial product offerings within its platform and shore up its international support
- The company provides a platform that helps SaaS companies across a range of verticals including home services, automotive, construction
- As a custom label offering, the platform can be branded for client use and can be integrated alongside a company’s other core software products in a matter of days
