Our solution gives platforms the ability to offer seamless user experience, complete control and transparency, real-time insights and the strategic value of generating new growth engines by offering additional financial services,” said CEO David Avgi. We have designed an embedded payment stack, built from the ground up to facilitate complex multi-vendor models. Digital marketplaces and B2B platforms wish to own their payment experience without the burden of developing additional tech stacks and operations or deal with regulation and licensing. “The experience gained in over twenty years in the payments industry has led the UNIPaaS team to tackle what we believe is one of the most acute issues facing B2B platforms, especially multi-vendor ones. With the sector preparing to more than triple in sales, UNIPaaS aims to transform how businesses integrate and handle payments. According to McKinsey, digital marketplaces are expected to account for 60% of the total digital-commerce volume and reach $9.2T in sales by 2023, up from $2.6T in 2019. "Own their payment experience"Īccording to the Israeli company, the platform helps multi-vendor businesses own their payments experience, control funds and monetize financial services to generate new growth engines. The investment was led by TPY Capital, with participation from FJ Labs, and a number of key private investors from the fintech sector, including NextDoor CEO Sara Friar and Gokul Rajaram, among others. Today (Tuesday), UNIPaaS, an Israeli fintech startup providing a payments solution for digital marketplaces and B2B SaaS companies, announced it has closed a $10 million Seed round.
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