Shaype, a Sydney, Australia-based one-stop-shop embedded finance platform, secured A$33 million in Series C funding.
Regal Funds Management led the round, which also included family offices.
Proceeds from the latest investment round will be used to accelerate growth, with a particular focus on expanding the team to support an entire pipeline of Australian clients and international expansion.
Shaype will launch solutions for a range of businesses across financial services, HR, PropTech, and government before the end of this year.
Additionally, in Q4 2022, Shaype will be one of the first payment service providers to live with both Payment Initiator and Payer services on New Payments Platform Australia’s PayTo.
With 100 employees globally and offices in Sydney, London, Belfast, Glasgow, and Warsaw, Shaype’s flexible embedded finance platform offers single API access to a full suite of powerful microservices for payments, KYC, data, insights, and real-time transaction monitoring.
Company: Hay as a Service Pty Ltd
Round: Series C
Funding Month: September 2022
Lead Investors: Regal Funds Management
Company Website: https://www.shaype.com/
Software Category: Embedded Finance platform
About the Company: Shaype is an embedded finance platform that rapidly embeds financial services into any business. Shaype started with a vision to create a faster, better, and more embedded financial and payment system that connects all types of businesses and integrates and embeds payments and banking options into the heart of the product offering, giving customers a seamless experience. Its technology and product teams bring together experience in high-frequency trading from the leading edge of the hedge fund industry and the latest innovations in payment services. Shaype delivers a cost-effective, SaaS cloud-native offering with flexible modules that are market-tested and ready-to-go. Shaype ensures flexibility and speed-to-market with an “always-modern” platform that removes technological debt from your legacy systems at your own pace, freeing the resources of your business to focus on what you do best—customer engagement and satisfaction. Shaype provides accounts and BSB, onboarding/KYC modules, digital wallets and tokenization, real-time fraud monitoring, and data & recs.