PayQix, Inc., a global developer of a business automation and transaction management platform for small-medium-sized businesses, received $11m in funding as a part of a just open $21m Series A funding round.
An unnamed international multi-strategy focused family office made the investment.
The company intends to use the funds to file for and set up the bank in Luxembourg.
Led by Jose Graca, Chief Executive Officer, and Tom Szabo, Chief Operating Officer and Head of Global Partnerships, PayQix is advancing a business and transaction management tool for Small business owners which bridges the gap between social media, sales, marketing, and business automation tools, as well as all those legacy payment and transaction management tools like PayPal and QuickBooks with an integrated solution for managing the core business functionalities of networking, marketing, accounting, and recurring transactional support.
The company’s solution aims to let business owners create and execute sales and marketing campaigns, organize and communicate with clients, manage employee and customer interactions while providing a socially integrated transaction management tool for all the recurring payment needs.
PayQix has offices in the United States, the European Union, and Hong Kong.