Kodypay Raises Us$5M In Pre-Series A Financing To Accelerate Expansion

Nov 08, 2022•about 3 years ago

Amount Raised

$5 Million

Round Type

pre-series a

LondonPaymentsFintechFinancial Services

Description

KodyPay (kodypay.com), a rapid-scaling payments company, has raised an additional US$5 million in Q3 2022. The financing round involved major shareholders alongside new strategic investors bringing the total funding raised to US$10 million.

Company Information

Company

Kody Pay

Location

London, Ontario, Canada

About

KodyPay is on a mission to make in-person payment acceptance easy. Today, paying in person presents common problems for businesses, such as high cost, long queues, and limited choices regarding payment methods. KodyPay fully integrates the payment ecosystem so that businesses can offer their customers more control over their payment choice, making their transactions both quicker and more convenient. KodyPay was founded in the summer of 2018 by a small group of final-year high school students. 22-year-old Co-founders Yoyo Chang (CEO) and Jack Howell (CDO) have raised US$6m to date at KodyPay. Today, KodyPay's platform is growing to connect thousands of customers with venues across the UK each day.

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Kodypay Raises Us$5M In Pre-Series A Financing To Accelerate Expansion

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