A fast-growing payments FinTech working with Visa, MasterCard and IBM has raised an additional听拢2.4听million.听听
鈥峊he oversubscribed financing round听into听KodyPay听involved all the major shareholders and new high-profile investors, bringing the total raised to $6m in under 12 months.听听
New and existing investors include听KodyPay鈥檚听Chairman, Hank Uberoi (Former Executive Chairman/CEO,听Earthport听PLC), Paul Rippon (Co-Founder, Monzo Bank), Adam Knight (Chairman,听CoinFloor听and听BeZero听Carbon), Alok Sama (Former President & CFO, SoftBank Group International) and IBM partner Cognition Foundry, along with other seasoned industry executives.听
Through a single iOS/Android app,听KodyPay听gives retail and hospitality businesses the ability to accept any payment methods in-person听–听including leading e-wallets, buy-now-pay-laters听& open banking听–听and offers contact-free checkout experiences, such as order at table听and听self-checkout.听听
老九品茶es can sign听up online in a matter of minutes and access听KodyPay听using a smartphone or tablet to benefit from low transaction costs instead of using an expensive point-of-sale terminal.听听
The firm has听already signed up other large multinational partners including Checkout.com, Elavon,听Laybuy,听Nuapay听and the University of York to accelerate growth.听听
KodyPay听has deployed IBM鈥檚 Confidential Computing technology to protect customer data with the highest level of certification achievable for commercial cryptographic devices.听
KodyPay听is now using the funds raised to bring its services to venues across the UK, release new product features and save businesses money.听Following successful implementation with Nisa (Co-op) stores located at the University of York,听KodyPay听has seen significant growth around York city, signing on clients.听听
The company is now growing its workforce to expand its offering to other cities.听
鈥淎fter another oversubscribed financing round, I am looking forward to inviting new businesses to the听KodyPay听community,鈥� said听21-year-old co-founder and CEO Yoyo Chang.听听
鈥淔rom its inception,听KodyPay听has always been about reducing costs and increasing consumer payment choices by being super convenient for businesses to accept payments.听听
鈥淲e are very fortunate to have the support of all our existing partners and investors as we scale.鈥�听
听