PayEm, a leading global platform for B2B payments and invoicing, recently announced that it has raised $27 million in a funding round led by top-tier venture capital firms. The funding round also saw participation from several existing investors, including NFX, Pitango, and Glilot Capital Partners. israeli 20m series 7mhalltechcrunch.
Founded in 2019, PayEm aims to simplify B2B payments and invoicing by offering a secure and efficient platform that allows businesses to send, receive, and manage payments with ease. With its user-friendly interface and innovative technology, PayEm has quickly gained a reputation as one of the most promising fintech startups in the industry.
The recent funding round is a significant milestone for PayEm, as it will enable the company to accelerate its growth and expand its operations globally. The company plans to use the funds to further develop its platform and expand its team, with a focus on hiring top talent in engineering, product, and sales.
According to Daniel West, CEO and co-founder of PayEm, the funding round will also allow the company to expand its services and provide more value to its customers. “With this new investment, we will be able to continue building a platform that meets the unique needs of businesses, and to offer new and innovative features that help our customers manage their payments and invoicing more efficiently,” said West.
The recent funding round is a testament to the growing demand for fintech solutions that make B2B payments and invoicing more streamlined and secure. With more and more businesses looking to digitize their payment processes and reduce costs, PayEm is well-positioned to capture a significant market share in the B2B payments space.
Moreover, PayEm’s innovative approach to payment processing has earned it several high-profile partnerships, including collaborations with leading payment processors such as Visa and Mastercard. These partnerships will allow PayEm to offer a seamless payment experience to its customers while ensuring the highest levels of security and compliance.
In conclusion, PayEm’s recent funding round is a major milestone for the company, and it sets the stage for continued growth and success in the B2B payments and invoicing space. With its innovative technology, strong partnerships, and growing customer base, PayEm is poised to become a leading player in the rapidly evolving fintech industry.