Salica backs Aevi with EUR 5 mln to transform in-person payments

This funding milestone is set to bolster Aevi's efforts to revolutionise the global in-person payments ecosystem.

Aevi’s platform integrates the simplicity of ecommerce into physical retail, offering businesses digital flexibility, improved choice, and data access across the payment value chain. As an independent in-person payment orchestrator, Aevi aims to simplify and optimise payment processes for merchants and their customers.

This latest funding will support Aevi's plans for market expansion and continued innovation in payment orchestration, furthering its mission to deliver efficient and simple payment solutions on a global scale.

Salica Investments' focus on empowering high-growth companies aligns with Aevi's vision of transforming in-person payments and advancing the retail experience.

In-person payments evolve into a USD 17.2 trillion market

The in-person payments market is transforming significantly, driven by the increasing demand for simple and integrated payment solutions. According to Statista, the global transaction value of in-person payments is projected to reach USD 17.2 trillion by the end of 2024, reflecting a growing consumer preference for frictionless checkout experiences. Businesses are prioritising solutions that combine the convenience of ecommerce with the tactile benefits of physical shopping, emphasising flexibility, security, and data integration.

This shift is further fuelled by the transition from traditional payment systems to digital-first alternatives. The rise of contactless payments, mobile wallets, and smart POS terminals highlights the demand for technology that accommodates diverse payment methods. In the EU, for instance, contactless transactions increased by 16% to 23.2 billion in 2023, underscoring the rapid adoption of digital payment solutions in physical retail environments. Aevi addresses these needs with its open cloud-based platform, enabling merchants to consolidate payment processes, access real-time data, and provide customers with a personalised shopping experience.

Aevi’s approach aligns with these trends by bridging the gap between online and offline payment ecosystems. Its payment orchestration platform helps merchants integrate multiple payment methods, optimise operational workflows, and extract actionable insights across the payments value chain. By offering a scalable and independent solution, Aevi supports businesses in adapting to evolving consumer preferences and maintaining competitiveness in a fast-changing retail landscape.