PayCommerce is an open cross-border payments network that enables both disbursements and acceptance transactions through a single point of connectivity for its members. The network leverages a proprietary Federated LedgerTM to enable real-time, instant payments, clearing and settlement integration for its banking consortium. Its consortium comprises more than 90 banks in over 75 countries and includes banks, financial institutions, global corporates and alternate channel providers. The company has offices across four continents with associates strategically placed to support customers. PayCommerce completed a $22M Series B and intends to use the capital to expand operations, R&D, and sales and marketing efforts. The company is led by newly appointed CEO Max Narro and Chairman and Founder Abdul Naushad.

Total raised

$22M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2016