Paytia secures £1.2m in seed follow-on funding led by Bloc Ventures to expand operations
The telephone payment compliance provider has raised £1.2m in a pre-series A round led by Bloc Ventures to scale its teams.
Paytia provides a cloud-native telephony payment compliance platform that allows businesses to securely collect customer card details over the phone. The service helps organisations navigate strict data protection rules and payment standards.
Paytia has secured £1.2m in pre-series A seed funding led by Bloc Ventures. The company provides a cloud-native platform designed to help businesses process telephone payments securely and in compliance with regulatory standards. The capital will be deployed to expand commercial and technical teams, increase operational capability, and roll out additional product features.
From the founder
"We are delighted to be joining the Bloc Ventures portfolio. Bloc’s team has unparalleled expertise in deep technology and we are convinced it is the right partner to support us on the next stage of this journey. Our technology has the ability to radically lower the high cost of entry that is prevalent in the telephone payment segment, and with Bloc’s financial and strategic supportwe are confident that we can build on the strong momentum we have generated over the last four years."
Curtis Nash
CEO at Paytia
Use of funds
- 01Grow the team
- 02Scale operations
- 03Continue product development
