$1 million seed round closed!
January 26, 2024
$1 million seed round closed!
đŁ New fundraise announcement! We are pleased to announce today the closing of $1million (CAD) in Seed funding commitments for Paays this past Friday, January 26.
đ This raise will allow us to continue to expand our mission of partnering with lenders in auto finance, mortgages, and beyond and create better digital customer experience, increased automation of decisioning, with less fraud.
đ± Never before has fraud presented such a challenge to lending. This in addition to requirements for lenders to improve efficiency through automation, and create better customer experiences has lenders motivated to find the right partner(s) now to solve these big problems.
Paays answers this call with One Platform and One API.
About Paays
Founded in 2018, Paays is a Toronto-based FinTech solutions provider for digital identity, income verification, and pre-qualification solutions to Automotive Finance Dealers and Lenders. The Paays ID Verifier, targets identity fraud in vehicle financing with an easy-to-use smartphone application using advanced artificial intelligence, biometric, and anti-fraud technologies. Paays ID Verifier is now available directly from Paays, or through the RouteOne financing platform. Paays expects to be launching Income and Pre-qualification solutions in 2023. Learn more about Paays at https://www.paays.com.
