US paytech Pagos lands $34m in Series A funding
US-based digital payments infrastructure firm Pagos has secured $34 million in a Series A funding round led by Arbor Ventures.
Pagos lands $34m Series A
The round also saw participation from existing investors Point 72 Ventures, Infinity Ventures and Underscore VC, who led the firm’s $10 million seed round in 2021.
Founded in 2021, Pagos’ payment intelligence platform helps businesses turn disparate digital payments data into “clear, actionable” insights.
The Software-as-a-Service (SaaS) platform helps any company selling or billing online to optimise their payment infrastructure and maximise revenue without making any changes to its existing payments stack.
“Our platform helps companies understand and act on the data that already exists within their payments environment, allowing them to better support changing consumer behavior and demands, reduce their operating costs, increase their revenue, and mitigate unnecessary customer friction,” says Klas Bäck, co-founder and CEO of Pagos.
With the new round of funding, Pagos plans on expanding its engineering team and further developing its product suite.
Pagos claims to have analysed more than one billion transactions to date, with clients including Adobe, Eventbrite, GoFundMe, and Warner Bros Discover.
