USA – PayEngine, a Los Angeles, CA-based white-label payments-facilitation platform for vertical SaaS companies, raised $10m in Series A funding.
The round was led by Point72 Ventures, with participation from Mucker Capital, BAM Ventures and K5 Global.The company intends to use the funds to grow its team, expand access to clientele, develop more financial product offerings within its platform and shore up its international support.Led by Spartak Buniatyan, founder and CEO, PayEngine provides a platform that helps SaaS companies across a range of verticals including home services, automotive, construction, healthcare and transportation improve their payments monetization strategies while mitigating Merchant of Record (MOR) liabilities and data security and compliance issues. As a custom label offering, the platform can be branded for client use and can be integrated alongside a company’s other core software products in a matter of days.23/05/2022
