PayOK
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PayOK - overview
Established
2021
Location
Sydney, NSW, Australia
Primary Industry
Financial Services
About
Based in New South Wales, Australia, and founded in 2021 by its CEO, Mr. Colin Porter, who also founded CreditorWatch, a credit reporting agency, PayOK is a software as a service-based platform that helps in reducing fraudulent payment activity. In November 2021, PayOK raised USD 3 million in series A funding led by Nightingale Partners and valued the company at USD 10 million. As of 2021, the company employs 20 people.
The PayOK platform uses bank-grade encryption with AES-256 and SHA-512 and also leverages two-factor authentication and single sign-on (SSO). The company platform confirms the identity and ownership details of a bank account, including the account name, Australian company number, and Australian business number. It allows existing suppliers to edit, change, and update their bank account information whilst identifying fraud and reducing risk.
Current Investors
Nightingale Partners
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.payok.com.au
Verticals
FinTech
Company Stage
Series A
Total Amount Raised
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