PayKey
121 Derech Menachem Begin St., Tel Aviv, 6701203, Israel
Overview
PayKey enables banks to provide their customers with the ability to initiate and complete a range of financial services, including P2P payments, chatbot engagement, balance check, cardless withdrawal, and more, from within any mobile application. Offering a cross-platform banking button on the smartphone’s keyboard boosts the bank’s brand engagement while making the banking experience quick, contextual, and simple for users. Banks are battling to remain relevant as they face an unprecedented competitive environment coupled with changing consumer expectations for instantaneous, highly-efficient, and seamless financial experiences. In a time where consumers expect to access services from any channel at any time, PayKey is helping banks to improve their user experience and boost their brand engagement by enabling their customers to access financial services from within any mobile application.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Financial Services
- FinTech
- Mobile
- Mobile Payments
Investment portfolio
- PayKey
Participated · Series B · Oct 2017
PayKey builds a white-label keyboard API that integrates with banks’ mobile apps and preserves each institution’s security and authentication systems so customers can access payments and account services without opening a banking app. The keyboard places a bank-branded key on users’ smartphones that opens a menu of services from inside social and messaging apps. PayKey says the product reduces friction for millennial customers who prefer in-app peer-to-peer payments and messaging-based services. The company has signed commercial agreements with seven banks, including Westpac, UOB, Bank Leumi and an unnamed very large financial services provider. PayKey raised a $10M Series B, bringing total funding to $16M. The startup plans to double its customers over the next six months, with a focus on Asia, and is also exploring other verticals such as telecom providers. PayKey offers a keyboard app that allows users to make payments within social networks and messaging apps including Instagram, Facebook, Twitter and WhatsApp from their own bank accounts. The company is led by CEO & co-founder Daniel Peled and CTO Offer Markovic. PayKey intends to use the Series A proceeds to further develop its mobile payment solutions. The product integrates payments directly into messaging experiences to streamline person-to-person and in-chat payments. The company raised growth capital in 2016 to accelerate product development and market expansion. No operating metrics were disclosed in the article.
Team
No current team members are available.