Pagos, a Wilmington, Delaware-based data and insight SaaS platform tailored to drive better performance and optimization of their customers' existing payments infrastructure, raised $10 million in Seed funding.
The investment round was led by Underscore VC and Point72 Ventures alongside prominent investors and visionary executives including Amit Jhawar (former GM of Venmo), Bill Ready (President of Commerce, Payments & Next Billion Users at Google), Billy Chen (VP, Financial Partnerships at Finix), and Rich LaBarca (GM Dynamics 365 Customer Insights at Microsoft).
The funding will be used for scaling Pagos data platform and API-driven microservices which can integrate with any payment stack.
Company: Pagos Solutions, Inc.
Raised: $10.0M
Round: Seed Round
Funding Month: October 2021
Lead Investors: Underscore VC and Point72 Ventures
Additional Investors: Amit Jhawar, Bill Ready, Billy Chen, and Rich LaBarca
Company Website: https://pagos.ai/
Software Category: Data and insight SaaS platform
About the Company: Pagos builds intelligent API-driven microservices delivering the payments data and insights companies need to optimize more easily, scale better, and faster while still focusing on what is unique to them and their business. Pagos is merchant-centered, data-powered, and tech-enabled. To reduce payments complexity, drive better performance and revenue growth, and foster a community of learning across the payments industry. Pagos's core team has 50+ years of collective experience in financial technology, and our mission is driven by what we have learned.
Source: https://www.prnewswire.com/news-releases/pagos-raises-10m-to-scale-platform-helping-companies-understand-and-optimize-payments-performance-301401469.html