Paytrix Secures One of the Largest Pre-Seed Investments in Fintech to Enable Online Businesses to Scale Globally

Paytrix, a high-growth embedded payments company for vertical software platforms, today announces that it has secured £5 million in new capital. The investment round was led by Hambro Perks, an international investment firm focused on private equity, alongside investments from Bain Capital Ventures, Fin VC, Better Tomorrow Ventures, The Fintech Fund and a number of notable angel investors.

Global businesses are forced to navigate complex payment infrastructures, high costs, growth-inhibiting challenges to payment acceptance and an ever-changing regulatory framework. Meanwhile, new payment ecosystems continue to emerge and create new opportunities, but remain fragmented across different geographies and inaccessible to all but the largest enterprises. As the global payments market continues to grow, with more than $2.5 trillion in revenue projected by 2025, Paytrix is ​​on a mission to be the premier provider of end-to-end payment solutions for software businesses looking to eliminate the friction of scaling or growing new markets.

Paytrix’s all-in-one, full-stack solution provides a payment curation layer that improves payment infrastructure as businesses grow, helping them scale smoothly. The technology absorbs the risk, infrastructure build-out and complexity that comes with managing payments in-house, giving businesses more freedom to focus on growth.

Paytrix offers payment acceptance, Banking-as-a-Service and real-time payment solutions to businesses spanning marketplaces, e-commerce, the gig economy and Web 3.

Behind Paytrix’s payment curation technology is a team of payment and software experts with decades of experience from Currency Cloud, Western Union, Google, Softbank, Twitter, PayPal, Paysafe and HyperWallet. Today’s investment will help Paytrix scale its platform to help businesses curate their payments globally and optimize them for real growth.

Aran Brown, Paytrix, said “Very early on in the journey, we discovered that 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 large fragmentation of financial services that has improved choice but created greater complexity. We believe the answer to this is curation, not orchestration – a deeper set of connections that can support not just complex payment flows, but the same flows across multiple geographies and payment types. We are delighted that this vision resonated with such a prestigious group of investors and industry leaders.“

George Davies, partner at Hambro Perks, said: “By building the global payments curation layer, Paytrix focuses on using technology to fix the financial barriers to growth that global marketplaces face. We are excited to support a top-down approach delivering payments across borders, fiat and non-fiat, and economies of scale; Paytrix offers a payment solution for the CEO and CFO, with the robust technology foundation 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.“

Matt Harris, Bain Capital Ventures, said “At BCV, we are constantly looking for visionary founders who want to create seismic changes in the way the payment ecosystem works, and we found this together with the Paytrix team. We have invested in a number of marketplaces and vertical platforms and have seen firsthand the challenge of payment fragmentation and how it can limit their growth globally. We are happy to see this challenge being tackled in a meaningful way.“

Logan Allin, managing partner of Fin VCsaid: “Global payments orchestration remains fragmented and inefficient and we believe in Paytrix’s vision to solve these difficult problems at scale for global brands. Aran and Eddie are proven operators and are executing at record speed – we are excited to roll up our sleeves with them.”