Fintech firm Paytrix garners $18.3m in Series A round #
The investment was led by Unusual Ventures, Motive Partners and Bain Capital Ventures, with participation from other firms including Hambro Perks, The Fintech Fund, and Better Tomorrow Ventures, among others.
The company plans to use the funds to develop new products and expand its global presence. The funding round comes after Paytrix recently secured a payments institution license in the UK. Paytrix offers various payments services through a single platform, contract and API, with an in-house engineering team based in several locations. The company intends to make Ireland the hub of its global business. CEO and co-founder Aran Brown said the funding raised will be invaluable as the company builds out the next phase of operations.