Pagos, a Los Angeles, CA-based payment intelligence company that empowers businesses to optimize their digital payment infrastructure and maximize revenue, lower payments costs, and reduce fraud, announced an oversubscribed $34 million Series A funding.
The round was led by Arbor Ventures, a global fintech-focused venture firm, with participation from investors including Point 72 Ventures, Infinity Ventures, and Underscore VC.
The funds will be used to expand the Pagos engineering team and advance the platform’s enterprise product suite of Parrot, Peacock, Canary, Toucan, and Loon.
Pagos is built by former Braintree and PayPal executives, the company’s bird-themed SaaS platform turns complex payment data into real-time actionable insights backed by a suite of tools to optimize payments performance.
“Payment processing is fundamental to customer relationships, revenue, and a business’s bottom line, but most companies don’t have the data, knowledge, or tools to develop and execute on a best-in-class payments performance strategy. Even the small number of companies that do have those resources are leaving money on the table,” said Klas Bäck, co-founder and CEO of Pagos. “Our platform helps companies understand and act on the data that already exists within their payments environment, allowing them to better support changing consumer behavior and demands, reduce their operating costs, increase their revenue, and mitigate unnecessary customer friction—all without having to change their current payments infrastructure.”
Pagos has introduced a suite of composable payments intelligence and action tools that can be used on top of businesses’ existing payments processing infrastructure.
Company: Pagos Solutions, Inc.
Round: Series A
Funding Month: February 2023
Lead Investors: Arbor Ventures
Additional Investors: Point 72 Ventures, Infinity Ventures, and Underscore VC
Company Website: https://pagos.ai/
Software Category: Payment Intelligence
About the Company: Founded in 2021, Pagos is a payment intelligence company that turns disparate, hard-to-access digital payments data into clear, actionable business insights. Pagos built no-code integrations with Adyen, Braintree, Chase, dLocal, PayPal, Stripe, and Worldpay. Its solutions empower companies to manage and control their business logic. The company’s technology enables business and IT units to focus on their core business roles to drive innovation. With more than 1 billion transactions analyzed to date, the Pagos platform is trusted by many of the world’s largest online brands such as Adobe, Eventbrite, GoFundMe, and Warner Bros Discover.