Paytrix secures £5 million Pre-Seed investment led by Hambro Perks

October 18, 2022Paytrix, a payments curation platform for global marketplaces, today announces
that it has secured £5 million of new capital. The investment round was led by Hambro Perks, an
international investment firm focused on private investing, alongside investment from Bain Capital
Ventures, Fin Capital, Better Tomorrow Ventures, The Fintech Fund and a number of notable angel
investors.

Global businesses are forced to navigate complex payment infrastructures, high costs, growth
hampering payment acceptance challenges, and an ever-shifting regulatory framework. Meanwhile,
new payment ecosystems continue to emerge and create new opportunities, but remain fragmented
across different geographies, and inaccessible to all but the largest businesses. As the global
payments market continues to grow, with more than $2.5 trillion of revenues estimated by 2025,
Paytrix is on a mission to be the preeminent provider of end-to-end payment solutions for software
businesses who want to eliminate the friction of scaling or growing new markets.

Paytrix’s all-in-one, full stack solution provides a payments curation layer that enhances payments
infrastructure as businesses grow, helping them to scale smoothly. Its technology absorbs the risk,
infrastructure buildout, and complexity that comes with managing payments in-house, providing
businesses more freedom to focus on growth.

Paytrix offers Payment Acceptance, Banking-as-a-Service and Real-time Payout solutions to
businesses spanning marketplaces, eCommerce, the gig-economy, and Web 3.

Behind Paytrix’s payments curation technology are a team of payments and software experts with
decades of experience spanning Currency Cloud, Western Union, Google, Softbank, Twitter, PayPal,
Paysafe, and HyperWallet. Today’s investment will help Paytrix scale its platform to help businesses
curate their payments globally and optimise them for real growth.

Aran Brown, Paytrix, said “Very early in our journey we recognised there was a real challenge in how growing businesses navigate the fragmented global payments ecosystem – much like in the consumer market there has been a great unbundling of financial services that has improved choice but created greater complexity. We believe the answer to this is curation and not orchestration – a deeper set of connections that can support not only complex payment flows, but those same flows across multiple geographies and payment types. We are thrilled that this vision resonated with such a prestigious group of investors and industry leaders.”

George Davies, Partner at Hambro Perks, said: “By building the curation layer for global payments, Paytrix is focused on using technology to fix the economic barriers to growth faced by global marketplaces. We are excited to back an approach that is top-down and delivers cross-border payments, fiat and non-fiat, and scale economics; Paytrix offers a payments solution for the CEO and CFO, with the robust technology foundations required for scale and resilience. This is a bold ambition and we believe that Aran, Eddie and the Paytrix team have the vision and expertise necessary to deliver.”

Matt Harris, Bain Capital Ventures, said “At BCV, we are constantly seeking visionary founders that
want to create seismic changes in the way the payment ecosystem operates, and we found this with
the Paytrix team. We have invested in a number of marketplaces and vertical platforms and have
seen first-hand the challenge of payment fragmentation and how it can limit their growth globally.
We are excited to see this challenge being tackled in a meaningful way.”

Logan Allin, Managing Partner at Fin Capital, said: “Global payment orchestration remains
fragmented and inefficient, and we believe in Paytrix’s vision for solving these hard problems at scale
for global brands. Aran and Eddie are proven operators and are executing at a record pace – we are
excited to roll up our sleeves with them.”

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About Hambro Perks
Hambro Perks is a London-headquartered international investment firm focussed on technology
investing. We partner with founders and entrepreneurs to support growth businesses at all stages of
the investment cycle.
Hambro Perks has specialised and dedicated investment teams, working across a number of funds. In
addition to their flagship Venture, EIS and co-investment funds, Hambro Perks offers a number of
specialist differentiated investment strategies, including Hambro Perks Environmental Technology,
Special Situations, and Access, which invests in venture secondaries.

About Paytrix
Headquartered in London, Paytrix is on a mission to help online businesses scale smoothly around
the globe. Developing the world’s first payments curation layer, Paytrix turns the complex into simple enabling businesses to access the best payment and banking infrastructure around the world, all
through: One ecosystem. One contract. One API.

Wishma

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