PayToMe.co Completes Seed Round to Revolutionize Fintech as the Amazon of Financial Services

  • Fundraising News
  • 28.10.2024 01:25 pm

PayToMe.co, an AI-driven fintech platform simplifying global payments and cross-border transactions for SMBs, proudly announces the successful completion of its Seed Round, with investments from Startupbootcamp and ACH Australia Investments Pty Ltd. This milestone accelerates PayToMe's mission to build the first-ever fintech marketplace, empowering SMBs to access a comprehensive suite of financial services in one platform—similar to Amazon's transformation of e-commerce. PayToMe is also deeply committed to promoting financial inclusion, ensuring that even underserved businesses can access critical financial tools.

Completion of Seed Round

Since 2010, Startupbootcamp has operated over 150 accelerators in more than 20 countries, helping over 1,600 startups reach their full potential. On average, startups in the program experience a 2.5x increase in valuation and raise approximately €1.5 million within six to twelve months of completing the accelerator.

"PayToMe.co is honored to receive seed investment and join the Startupbootcamp Cohort, an honor reserved for the top 1% startups globally," said Mike Ulker, CEO and Founder of PayToMe.co. "With the support of Startupbootcamp, the world's top accelerator, we are significantly accelerating our growth."

Value Proposition

Globally, over 400 million SMBs lose $48 billion annually due to fraud, invoicing errors, payment delays, representing a $150 billion opportunity in the fintech market.

PayToMe.co solves these inefficiencies with an AI-powered platform for global payments, customizable invoicing, and cross-border transactions. Through leading partners like Plaid, Stripe, and US Bank, we connect 12,000 financial institutions and 7,000 applications globally, creating an inclusive, scalable, and efficient financial ecosystem. Backed by strategic partners and shareholders including Startupbootcamp, ACH Australia Investments Pty Ltd., and AppTech Payments Corp. (Nasdaq: APCX), PayToMe.co is well positioned to revolutionize fintech on a global scale, offering a compelling opportunity for investors committed to global financial inclusion.

Preparing for Series A Funding

Following the successful seed round, PayToMe.co is now preparing for its Series A funding. The proceeds from the funding will be used to scale its platform, expand its go-to-market strategy, and drive cross-border user acquisition. With a proven track record, global partnerships, and cutting-edge technology, PayToMe.co is ready to accelerate its growth and make a lasting impact on the financial services sector.

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