AuthPay, a fintech startup, has obtained $450K in a pre-seed funding round led by SCOPE VC.
The funding will fuel its growth, allowing AuthPay to harness technologies and innovative business models in the fintech sector, according to a press release by AuthPay.
Founded in July 2020, AuthPay offers secure payment solutions for global businesses, using advanced technology and a customer-centric approach. The platform helps businesses simplify transaction processing, boost security, and provide smooth payment experiences to customers.
AuthPay, a smart wallet, maximizes rewards for each purchase by utilizing its patent-pending AI. The AI suggests the most suitable card based on factors like merchant type, location, and loyalty programs.
SCOPE, an exclusive networking platform, links startups, investors, and industry experts globally. This investment in AuthPay aligns with SCOPE VC’s recent introduction of a $45 million venture capital fund focused on driving innovation in fintech and gaming sectors.
Wenhao Yang, Co-founder, AuthPay said, “We were introduced to Saikiran through a mutual connection, and from our very first meeting, we were impressed by his profound insights into the payment industry. What truly stood out was his alignment with our vision for AuthPay to become the future gold standard in mobile payment solutions. Even before committing to invest in our pre-seed round, Saikiran and SCOPE have been integral to our journey, offering invaluable support by facilitating key introductions and providing feedback on our pitches and storytelling.”
