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Paydock raises GBP 25 million in Series A funding
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May 23, 2023
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FinTech Infrastructure

FinTech Infrastructure

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May 23, 2023

Paydock raises GBP 25 million in Series A funding

Funding

  • Paydock, a payment orchestration platform, has raised GBP 25 million (~USD 31 million) in Series A funding from Silverstripe Investment Management Limited.

  • The company plans to invest the funds in recruitment, expanding its technology offering, and increasing its customer base.

  • Paydock offers an API-based payment orchestration platform for banks and merchants to manage payment processes and providers. The orchestration platform enables users to add payment service providers (PSPs), buy-now-pay-laters (BNPLs), alternative payment methods, local payment methods, and fraud prevention solutions, among others. Paydock offers a universal SDK and reporting dashboard to manage payment providers and simplify payment flows, which can be reportedly connected with existing FinTech and payment systems. 

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