Atoa Payments Limited
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Atoa Payments Limited - overview
Established
2022
Location
London, -, UK
Primary Industry
Financial Services
About
Founded in 2022 by its CEO, Sid Narayanan, COO, Cian O'Dowd, and CTO, Arun Rajkumar, and based in London, UK, Atoa Payments Limited, operates as a financial technology company that allows users to accept online and offline payments via bank transfer. In February 2023, Atoa Payments Limited, raised GBP 5. 00 million in seed funding led by Valar Ventures, with participation from returning investors Passion Capital and Leo Capital. As of 2023, the company’s platform supports banks like Bank of Scotland, Lloyds Bank, Monzo, Nationwide, Revolut, and more.
Atoa offers payment solutions for businesses, allowing them to accept payments through in-store QR code scanning or on-the-go payments via SMS, eliminating the waiting period associated with traditional payment methods. The technology allows Customers to scan the QR code using their smartphones, approve the amount due, select their bank, and authenticate the transaction using Face ID and fingerprint scanning. The company generates revenue by charging a transaction fee of just 0. 6% for all the amounts transferred.
The company plans to use the February 2023 funding to expand its operations and market reach.
Current Investors
Moon Capital Management, Passion Capital, Leo Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance
Website
www.paywithatoa.co.uk
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Atoa Payments Limited - employee data
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