Tuesday, February 28, 2023

Pagos Picks Up $34M

Los Angeles-based fintech startup, Pagos, which is developing software to understand a company's digital payment process, says it has raised $34M in a Series A funding. The funding was led by Arbor Ventures, and also included Point 72 Ventures, Infinity Ventures and Underscore VC. The company said the funding comes on top of a $10M, seed funding round it received in 2021, which was led by Underscore. Pagos said it is developing "payment intelligence" products to help businesses to optimize their digital payment infrastructure and maximize revenue, lower payments costs, and reduce fraud. The company is led by co-founder and CEO Klas Bäck.