PayQix operates an online bank (BankQix) with a built-in business and transaction management platform that bridges social media, sales, marketing, business automation, and legacy tools like PayPal and QuickBooks. The company describes its solution as market-agnostic, omnichannel, and capable of addressing 95% of the world's 320 million SMBs. PayQix used an initial $1.5M seed round to build and test a secure, scalable architecture. Proceeds from a newly closed $11M investment are dedicated to filing for, finalizing, setting up, and opening its bank in Luxembourg, which the company says will serve as the centerpiece of its SMB-focused platform. PayQix has a $21M Series A round currently open; the remaining $10M placement is earmarked for front-end and dashboard development, backend/database tightening, and international branding, marketing, and user acquisition with partner JrPixels. The company lists offices in the United States, the European Union, and Hong Kong and says it is engaged in market-development conversations with EU banks such as Bank Nordea.

Total raised

$11M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2017