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PayToMe.co Completes Seed Round to Revolutionize Fintech as the Amazon of Financial Services

PayToMe.co Completes Seed Round to Revolutionize Fintech as the Amazon of Financial Services

November 15, 2024 Craig Etkin

PayToMe.co Simplifies Global Payments, Cross-Border Transactions, and Drives Financial Inclusion

PALO ALTO, Calif., Oct. 28, 2024 /PRNewswire/ — PayToMe.co, an AI-driven fintech platform simplifying global payments and cross-border transactions for SMBs, proudly announces the successful completion of its Seed Round, with investments from Startupbootcamp and ACH Australia Investments Pty Ltd. This milestone accelerates PayToMe’s mission to build the first-ever fintech marketplace, empowering SMBs to access a comprehensive suite of financial services in one platform—similar to Amazon’s transformation of e-commerce. PayToMe is also deeply committed to promoting financial inclusion, ensuring that even underserved businesses can access critical financial tools.

Completion of Seed Round

Since 2010, Startupbootcamp has operated over 150 accelerators in more than 20 countries, helping over 1,600 startups reach their full potential. On average, startups in the program experience a 2.5x increase in valuation and raise approximately €1.5 million within six to twelve months of completing the accelerator.

“PayToMe.co is honored to receive seed investment and join the Startupbootcamp Cohort, an honor reserved for the top 1% startups globally,” said Mike Ulker, CEO and Founder of PayToMe.co. “With the support of Startupbootcamp, the world’s top accelerator, we are significantly accelerating our growth.”

Value Proposition

Globally, over 400 million SMBs lose $48 billion annually due to fraud, invoicing errors, payment delays, representing a $150 billion opportunity in the fintech market.

PayToMe.co solves these inefficiencies with an AI-powered platform for global payments, customizable invoicing, and cross-border transactions. Through leading partners like Plaid, Stripe, and US Bank, we connect 12,000 financial institutions and 7,000 applications globally, creating an inclusive, scalable, and efficient financial ecosystem. Backed by strategic partners and shareholders including Startupbootcamp, ACH Australia Investments Pty Ltd., and AppTech Payments Corp. (Nasdaq: APCX), PayToMe.co is well positioned to revolutionize fintech on a global scale, offering a compelling opportunity for investors committed to global financial inclusion.

Preparing for Series A Funding

Following the successful seed round, PayToMe.co is now preparing for its Series A funding. The proceeds from the funding will be used to scale its platform, expand its go-to-market strategy, and drive cross-border user acquisition. With a proven track record, global partnerships, and cutting-edge technology, PayToMe.co is ready to accelerate its growth and make a lasting impact on the financial services sector.

About PayToMe.co:

Based in Silicon Valley, PayToMe.co is a fintech marketplace specializing in AI-driven payment solutions, cross-border financial transactions, and customizable digital invoicing for over 100 countries. With connections to 12,000 financial institutions and 7,000 applications through technology and strategic partnerships, including Stripe, Plaid, US Bank, Startupbootcamp, and AppTech Payments Corp. (Nasdaq: APCX), PayToMe.co is at the forefront of innovation in the financial services industry. Its suite of services, including Payment-as-a-Service (PaaS), Banking-as-a-Service (BaaS), and Software-as-a-Service (SaaS), empowers businesses to optimize financial processes, enhance cash flow, reduce fraud while contributing to a sustainable and socially responsible financial ecosystem. PayToMe has been honored with eight American and International business awards for Technology Excellence and Social Impact. For more information, visit www.paytome.co.

Media Contact:
Mike Ulker
(650) 963 4969

Email: 385431@email4pr.com

SOURCE PayToMe.co

Copyright © 2024 Cision US Inc.


Venture Capital
California, Cision, Palo Alto, PayToMe.co, PRNewswire, Venture Capital

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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

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In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


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Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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