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

Rhea-AI Summary

PayToMe.co has successfully completed its Seed Round with investments from Startupbootcamp and ACH Australia Investments. The AI-driven fintech platform aims to become the 'Amazon of Financial Services' by creating a comprehensive marketplace for SMBs. The company addresses a $150 billion market opportunity, targeting the $48 billion annual losses faced by 400 million SMBs due to fraud, invoicing errors, and payment delays. Through partnerships with Plaid, Stripe, and US Bank, PayToMe.co connects 12,000 financial institutions and 7,000 applications globally. The company is now preparing for Series A funding to scale its platform and expand its go-to-market strategy.

Positive

• Addresses a substantial $150 billion market opportunity
• Strategic partnerships with major financial institutions including Plaid, Stripe, and US Bank
• Extensive network connecting 12,000 financial institutions and 7,000 applications globally
• Backed by NASDAQ-listed AppTech Payments Corp (APCX)

Negative

• None.

PayToMe.co Simplifies Global Payments, Cross-Border Transactions, and Drives Financial Inclusion

PALO ALTO, Calif., Oct. 28, 2024 /PRNewswire/ -- 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.

About PayToMe.co:

Based in Silicon Valley, PayToMe.co is a fintech marketplace specializing in AI-driven payment solutions, cross-border financial transactions, and customizable digital invoicing for over 100 countries. With connections to 12,000 financial institutions and 7,000 applications through technology and strategic partnerships, including Stripe, Plaid, US Bank, Startupbootcamp, and AppTech Payments Corp. (Nasdaq: APCX), PayToMe.co is at the forefront of innovation in the financial services industry. Its suite of services, including Payment-as-a-Service (PaaS), Banking-as-a-Service (BaaS), and Software-as-a-Service (SaaS), empowers businesses to optimize financial processes, enhance cash flow, reduce fraud while contributing to a sustainable and socially responsible financial ecosystem. PayToMe has been honored with eight American and International business awards for Technology Excellence and Social Impact. For more information, visit www.paytome.co.

Media Contact:
Mike Ulker
(650) 963 4969

Email: 385431@email4pr.com

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SOURCE PayToMe.co

FAQ

What investments did PayToMe.co secure in its 2024 seed round?

PayToMe.co secured investments from Startupbootcamp and ACH Australia Investments Pty in its seed round completed in October 2024.

How many financial institutions does PayToMe.co connect through its partners?

PayToMe.co connects 12,000 financial institutions and 7,000 applications globally through partnerships with Plaid, Stripe, and US Bank.

What market opportunity is PayToMe.co targeting in the fintech sector?

PayToMe.co is targeting a $150 billion market opportunity in the fintech sector, addressing $48 billion in annual losses faced by 400 million SMBs due to fraud, invoicing errors, and payment delays.

Is AppTech Payments Corp (APCX) involved with PayToMe.co?

Yes, AppTech Payments Corp (APCX) is listed as one of PayToMe.co's strategic partners and shareholders.