# Atoa Payments

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/atoa-payments

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.paywithatoa.co.uk
- Total disclosed funding: $8.3M
- Latest round: Seed (Feb 10, 2023)
- Investors on record: 4

## About

Founded in 2022 by its CEO, Sid Narayanan, COO, Cian O'Dowd, and CTO, Arun Rajkumar, and based in London, UK, Atoa Payments Limited, operates as a financial technology company that allows users to accept online and offline payments via bank transfer. In February 2023, Atoa Payments Limited, raised GBP 5.00 million in seed funding led by Valar Ventures, with participation from returning investors Passion Capital and Leo Capital. As of 2023, the company’s platform supports banks like Bank of Scotland, Lloyds Bank, Monzo, Nationwide, Revolut, and more.

Atoa offers payment solutions for businesses, allowing them to accept payments through in-store QR code scanning or on-the-go payments via SMS, eliminating the waiting period associated with traditional payment methods.

The technology allows Customers to scan the QR code using their smartphones, approve the amount due, select their bank, and authenticate the transaction using Face ID and fingerprint scanning.

The company generates revenue by charging a transaction fee of just 0.6% for all the amounts transferred.

The company plans to use the February 2023 funding to expand its operations and market reach.

## Funding rounds

- Seed, Feb 10, 2023, $6M — Valar, Passion Capital, Leo Capital
- Seed, May 13, 2022, $2.3M — Moon Capital Management, Passion Capital, Leo Capital

## Investors

- Moon Capital Management — Seed
- Passion Capital — Seed
- Leo Capital (https://capitalatlas.ai/funds/leo-capital) — Seed
- Valar (https://capitalatlas.ai/funds/valar) — Seed