Business Overview

Jul 2015
Date Founded
Active
Operating Status
40
Employees

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

PayKey
Offer Markovich
CTO

Board Members and Advisors

PayKey
Christian Miele
Board Member

Funding Rounds

$16 M

Total Funding

2

Funding Rounds

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

AI Technology Stack

3
AI Team Size
AI Description

Our work on NLP is at the heart of getting just the right level of involvement in users’ typing flow.

AI enables us to crack into users’ intent and understand the context of their conversation, offering them what they’re looking for – just when they need it. This kind of smart, contextual promotions help banks to deliver a superior mobile experience, while promoting revenue generating services, such as taking a loan or ordering a new credit card.

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Startup Snapshot

Operating Status
Active
AI Team Size
3
Total Funding
$16 Million
Founded
July 2015
Funding Stage
Series B
Time Since Last Funding Round
4 years

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