Business Overview

Active
Operating Status
Jul 2015
Founded
40
Employees
Description
PayKey enables banks, telcos, and mobile wallets to offer their customers instant access to a variety of financial services, including P2P payments, balance check, top-ups and more - from within ANY mobile app, including all social and messaging apps. Our patented Social Banking Solution creates a frictionless experience that drives customer engagement and keeps services always in front of customers.As social messaging apps become a prominent communication channel for customers at all ages, PayKey streamlines services into users digital lives. While banks and telcos already offer their services through dedicated apps, using them requires leaving the messaging app and disrupting the natural flow of the social conversation. PayKeys solution is based on a state-of-the-art smartphone keyboard that includes a branded banking/telco button, which opens a menu of services, fully customized to the offerings of the service provider. This keeps services in front of customers no matter what theyre doing on their phones, helping position the service provider as an innovation leader. As a white label solution, PayKeys keyboard is seamlessly integrated at the API level of the service providers app. Since there is no backend integration involved in the process, no changes are required in service flows, payment rails and authentication methods. Moreover, the solution is as secure as the app itself.PayKey is already serving over 18 banks and digital wallets all over the world, including global brands ING, Standard Chartered and HSBC.
Business Stage
Launched

Founders

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Board Members and Advisors

Christian Miele
Board Member

Investors

Investor

Investor Type

Series Preference

Series A
Seed, Series A, Series B, Series C
Series A, Series B
Seed, Series A, Series B, Series C
Series B, Series C, Series D
Series A, Series B

Funding Rounds

$16,000,000
Total Funding

2

Funding Rounds
Series B
Last Funding Series

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Date Announced

Funding Round

Amount Raised

Investors

$10 M
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$6 M
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AI Technology Stack™

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AI Team Size
2
AI Technologies
AI Description
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AI Types
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Startup Snapshot

Operating Status
Active
AI Team Size
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Total Funding
$16,000,000
Founded
July 2015
Funding Stage
Series B
Time Since Last Funding Round
4 years

Competitors

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Fundraising Contact