back Back

Paytia closes £1.2mn pre-series A seed funding round led by Bloc Ventures

By Megha Bhattacharya

October 27, 2020

Share

Telephone payment compliance service provider Paytia today completed a £1.2 million pre-series A seed investment round, led by Bloc Ventures (Bloc), the venture capital company focused on early-stage European deep technology investment. The investment is expected to enable the company to scale its commercial and technical teams as well as deliver the roadmap of additional features and services to complement the existing core product offering.

Southampton-based Paytia allows customers to be protected and remain in control of their card data during any Customer Not Present payment transaction. The company’s cloud-native platform aims to provide businesses with a scalable and affordable means to take CNP payments from customers in full compliance of PCI-DSS standards and payment and identity regulations.

Curtis Nash, CEO of Paytia, commented, “We are delighted to be joining the Bloc Ventures portfolio. Bloc’s team has unparalleled expertise in deep technology, and we are convinced it is the right partner to support us on the next stage of this journey. Our technology has the ability to radically lower the high cost of entry that is prevalent in the telephone payment segment, and with Bloc’s financial and strategic support we are confident that we can build on the strong momentum we have generated over the last four years.”

Paytia delivers its automated service in 52 countries with short deployment times, easy integration and the provision of a foundation for rapid innovation introduction.

David Leftley, co-Founder and CTO of Bloc Ventures, added, “Paytia is precisely the sort of innovative and exciting deep tech business we enjoy partnering with. The team has significant commercial and technical experience in the payments space, including a previous successful start-up exit. By offering a cloud-based, multi-tenanted global solution, Paytia is disrupting an industry that has high growth potential and we are incredibly excited about its future plans.”

Previous Article

October 27, 2020

Twenty7Tec to integrate APPLY module with Skipton Building Society’s platform

Read More
Next Article

October 27, 2020

Mastercard and UAB partner to accelerate payments innovation in the UAE

Read More









IBSi Daily News Analysis

cashless payments

November 30, 2023

Majority of travellers prefer cashless transactions in APAC, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Griffin announces 7 senior hires to strengthen Management Team

Read More

Today

Enfuce bags €8.5m from Vitruvian Partners, Visa and Maki.vc

Read More

Today

5 FinTechs fueling Electric Vehicle Loans in India

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2023

£1,500.00 / year

Know More
Next-Gen Debt Collection Systems Growing Importance of Collections Q4 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023