Payverse announces its seed funding round led by The Artemis Fund. The investment will be used to enable global commerce.
SHERMAN OAKS, Calif., July 11, 2022 /PRNewswire-PRWeb/ -- Payverse, a leading payment processor focusing on enabling global commerce via emerging technologies, today announced a new funding round led by The Artemis Fund with Alpha Ascent Ventures, Frank Mastrangelo, Mary Wieler, and Jonathan Palmer. "The Artemis Fund invests in phenomenal female talent modernizing and diversifying wealth. Payverse is poised to transform the payments industry by making it easier and more cost-effective for businesses and consumers to transact globally. We are proud to lead the company's seed round which includes other top FinTech experts and industry leaders," said Stephanie Campbell, General Partner at The Artemis Fund.
The investment will be used to hire key talent and further develop Payverse's product roadmap - enabling more untapped global commerce capabilities. In addition to the UnionPay and processing platform product offerings, Payverse will enable B2B payments, remittances, BNPL, and cryptocurrency processing via their modern proprietary platform. "The expertise of our investors in addition to the investment will allow us to execute on our global commerce roadmap. We will continue to enable untapped markets and emerging technologies for businesses and consumers," said Sandra Blair, CEO of Payverse.
About Payverse:
Payverse is a payment processor focused on enabling global commerce by integrating emerging technologies. Our tagline Connectivity Unbounded truly depicts our vision of seamless payments for all merchants and consumers using any payment method. Payverse is beginning with US-based UPI acquiring and bank sponsorship models but will expand across different products and services in the coming months. Payverse's current product and service offerings include UnionPay US bank sponsorship and acquiring for all 9 billion UPI issued credit and debit cards as well as a modern, modular, end to end payment processing platform suited for existing payment processors accepting any type of payment.
About The Artemis Fund:
Artemis is a venture capital firm on a mission to diversify the face of wealth. We believe the future of financial services and commerce will be written by diverse entrepreneurs. Artemis leads seed rounds in disruptive fintech companies founded and led by women.
Media Contact
Sandra Blair, Payverse, 1 (404) 520-6370, [email protected]
SOURCE Payverse
Share this article