PayKey Raises $6M in Series A Funding


By FinSMEs

PayKey, a Tel Aviv, Israel-based social fintech startup, raised $6m in Series A funding.

The round was co-led by and Wharton Asset Management, with participation from new investors CommerzVentures, Mastercard and Santander InnoVentures, Digital Leaders Ventures, and existing investor Magma VC.

The company intends to use the funds to further develop its mobile payment solutions.

Led by Daniel Peled, CEO & Co-Founder, and Offer Markovic, CTO, PayKey provides a keyboard app that allows users to make payments within social networks and messaging apps including Instagram, Facebook, Twitter, Whatsapp., etc., from their own bank account.

First appeared at FinSMEs