US-based payroll verification and remittance ecosystem Paywallet has announced it received USD 14 million in funding up to date, including a USD 8.82 million in Series A funding round.
The funding round was led by US-based private equity investment company Pasaca Capital, followed by two other previous American investors, PruVista Capital and Arcadia Funds. According to Paywallet, the funds will be used to accelerate the company’s growing and bring Web 3.0 paradigms to lending.
The fintech is a full life-cycle payroll-linked SaaS platform that offers easy-to-integrate APIs for lending companies. Companies can now leverage Paywallet’s technology to verify bank and employment information and set payroll-driven remittances instructions for their clients.
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