Paytrix raises £14.8m in Series A funding co-led by Unusual Ventures, Motive Partners, and Bain Capital Ventures to drive expansion.
The investment was co-led by Unusual Ventures, Motive Partners, and Bain Capital Ventures to fuel international expansion and product development.
Paytrix provides a payments curation platform that simplifies global transactions for high-growth businesses through a single API and contract. The company operates from London and Ireland, supporting international expansion for online marketplaces.
London-based fintech Paytrix has secured £14.8m in Series A funding to accelerate its product development and international expansion. Unusual Ventures, Motive Partners, and Bain Capital Ventures co-led the round, with participation from several earlier investors.
The capital injection arrives during a challenging economic climate for tech fundraising, reflecting confidence in the firm's payments curation model. Paytrix intends to use the proceeds to drive further growth across Europe, establishing its Irish operations as a global hub while scaling its engineering and business development teams.
From the founder
"High-potential companies struggle to cope with large volumes of international payments and there is a huge gap in the market — at one end you have inefficient local solutions; at the other, you have the tier-one global providers, inaccessible to all but the world’s biggest businesses. Businesses have no option but to stitch together a costly and complex patchwork of service providers and this is the pain point that Paytrix is stepping in to solve."
Aran Brown
CEO and Co-Founder at Paytrix
Investor perspective
"Paytrix has assembled a world-class team with deep expertise in payments, fintech and financial services. Not only does the team have a strong track record, they have a powerful vision for the future of global payments. We look forward to deeply supporting the Paytrix team as they build out their payments curation service to deliver on that compelling vision."
Lars Albright
General Partner, Unusual Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Grow the team
Investors
Lars Albright
Unusual Ventures
Motive Partners
Matt Harris
Bain Capital Ventures
Fin Capital
Better Tomorrow Ventures
Hambro Perks
ClockTower Ventures
The Fintech Fund
D4 Ventures