KodyPay, a London, UK-based payments company, raised US$5m in Pre-Series A funding.
The financing round involved major shareholders alongside new strategic investors bringing the total funding raised to US$10m.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by Founder, President & CEO, Yoyo Chang, KodyPay brings optionality of online payments to brick & mortar businesses. Using an all-in-one iOS/Android app for tablets or physical card machines, KodyPay has created a one-stop, fully integrated payment solution. Its payment technology allows businesses to accept both physical card payments & online ordering at once. All while benefiting from data typically generated by an online transaction, bringing the benefits of e-commerce to in-person payments. Businesses can also accept an expanding range of non-card payment types with KodyPay. These will comprise e-wallets, buy-now-pay-later, open banking and cryptocurrency, with automated payment reconciliation across all payment service providers.
In the past year, the company has expanded its employee base and leadership team, with Joao Martins (Founding CTO at Series B/C Yapily) and Pierre Baigts (VP of Product at Series B Tiller – exited to SumUp) joining as CTO & CPO, respectively.
FinSMEs
08/11/2022