KodyPay raises £4.4m in funding to expand its headcount and strategic partnerships
The financing round involved major shareholders and new strategic investors, taking total capital raised to £10m.
KodyPay provides a platform as a service offering that modernises commerce operations for large enterprises with physical sites. Its integrated financial infrastructure helps businesses cut costs and improve customer retention.
KodyPay has secured £4.4m in funding, bringing its total capital raised to £10m following participation from major shareholders and new strategic investors. The company plans to deploy the fresh capital to expand its headcount across the UK and build out strategic partnerships to support new product releases. This latest injection follows a period of rapid expansion, which has seen the business scale its gross payment volumes past £100m on an annualised basis.
Use of funds
- 01Grow the team
- 02Continue product development