PayEngine Raises $10M in Collection A Funding
PayEngine, a Los Angeles, CA-based white-label payments-facilitation platform for vertical SaaS firms, raised $10m in Collection A funding. The spherical was led by Point72 Ventures, with participation from Mucker Capital, BAM Ventures and K5 International. The corporate intends to make use of the funds to develop its workforce, develop entry to clientele, develop extra monetary product choices inside its platform and shore up its worldwide help. Led by Spartak Buniatyan, founder and CEO, PayEngine offers a platform that helps SaaS firms throughout a spread of verticals together with house providers, automotive, development, healthcare and transportation enhance their funds monetization methods whereas mitigating Service provider of File (MOR) liabilities and knowledge safety and compliance points. As a customized label providing, the platform might be branded for shopper use and might be built-in alongside an organization’s different core software program merchandise in a matter of days.