York fintech KodyPay secures investment worth more than $3m
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15th July 2021

York fintech KodyPay secures investment worth more than $3m

A payments fintech founded by students at the University of York has secured an additional $3.25 million (£2.34 million) in funding from new and existing investors.

KodyPay, which was launched in 2018 by Yoyo Chang (pictured) and Jack Howell, integrates the payment ecosystem so customers can have more control over their payment choice.

 

This fundraising round, which brings the total raised by KodyPay to $6 million (£4.3 million) in less than 12 months, was oversubscribed and involved all its major shareholders as well as new high-profile investors.

They include KodyPay Chairman, Hank Uberoi – Former CEO of Earthport PLC; Paul Rippon – Co-founder of Monzo; Adam Knight of CoinFloor and BeZero Carbon; Alok Sama – Former President of CFO of SoftBank Group International; and Cognition Foundry, IBM partner.

The startup will use the funds raised to bring its services to venues across the UK, release new product features and save businesses money.

KodyPay works with Visa, MasterCard and IBM, and has signed up a range of new partners including Checkout.com, Elavon, Laybuy, Nuapay and the University of York.

For the full story, please visit the Prolific North website here.