Paytrix secures £5m in pre-seed funding led by Hambro Perks to expand its payments platform
The London based payments curation platform has raised £5m from a syndicate led by Hambro Perks to scale its technology.
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.
Paytrix has secured £5m in a pre seed funding round to scale its global payments curation platform. The investment was led by Hambro Perks, with participation from Bain Capital Ventures, Fin Capital, Better Tomorrow Ventures, The Fintech Fund, and several angel investors. The fresh capital will support the company as it expands its technology infrastructure and helps software businesses manage international payments.
From the founder
"Very early in our journey we recognised there was a real challenge in how growing businesses navigate the fragmented global payments ecosystem – much like in the consumer market there has been a great unbundling of financial services that has improved choice but created greater complexity. We believe the answer to this is curation and not orchestration – a deeper set of connections that can support not only complex payment flows, but those same flows across multiple geographies and payment types. We are thrilled that this vision resonated with such a prestigious group of investors and industry leaders."
Aran Brown
CEO and Co-Founder at Paytrix
Investor perspective
"By building the curation layer for global payments, Paytrix is focused on using technology to fix the economic barriers to growth faced by global marketplaces. We are excited to back an approach that is top-down and delivers cross-border payments, fiat and non-fiat, and scale economics; Paytrix offers a payments solution for the CEO and CFO, with the robust technology foundations required for scale and resilience. This is a bold ambition and we believe that Aran, Eddie and the Paytrix team have the vision and expertise necessary to deliver."
George Davies
Partner, Hambro Perks
Use of funds
- 01Fund the next phase of growth
Investors
George Davies
Hambro Perks
Matt Harris
Bain Capital Ventures
Logan Allin
Fin Capital
Better Tomorrow Ventures
The Fintech Fund