Payall lands $10M in a16z-led seed round to help banks facilitate more cross-border payments

09/15 12:30

According to Techcrunch, with the COVID-19 pandemic fueling more remote work globally, the need to provide cross-border payments for business and individual clients has never been as pressing for banks. And that is exactly what drew Andreessen Horowitz (a16z) general partner Anish Acharya, to lead cross-border payments startup Payall’s new $10 million seed round with an $8 million contribution. Additional participants in the seed funding round were Motivate VC along with PS27 Ventures and Bridgeport Partners, with SAFE conversions from RRE Ventures and Transcard. A group of strategic individual investors also participated in the latest financing.

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