# Buckzy Payments

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

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.buckzy.net
- Total disclosed funding: $16M
- Latest round: Series A (Dec 1, 2022)
- Investors on record: 5

## About

Based in Canada, Buckzy Payments Inc. specializes in innovative financial technology solutions that streamline cross-border payments and enhance embedded finance capabilities for businesses.Buckzy Payments Inc. was founded in 2018 and is headquartered in Toronto, Canada. The company operates as a provider of financial technology solutions, focusing on cross-border payment facilitation. It has engaged in a total of 2 deals, with its most recent funding round occurring on December 1, 2022. Buckzy successfully raised USD 14.5 mn in Series A funding, co-led by new investor Uncorrelated Ventures and returning investor Mistral Venture Partners, alongside participation from Blue 9 Capital, Luge Capital, and Revel Partners. The total amount raised by the company to date stands at USD 14.5 mn.Buckzy Payments Inc. provides an integrated suite of financial technology solutions designed to facilitate cross-border payments and enhance embedded finance capabilities for businesses. Central to its offerings are the Global Payout Network and Global Payins Network, which enable seamless transactions across various currencies and jurisdictions. Buckzy’s Banking as a Service (BaaS) and Fintech as a Service products empower clients to embed financial services within their platforms, catering to a diverse clientele that includes financial institutions, fintech companies, eCommerce marketplaces, and multinational corporations. The solutions are tailored for numerous markets including North America, Europe, and Asia, focusing on providing efficient and cost-effective services that streamline account verification, card issuing, and acquiring services.Buckzy Payments Inc. generates revenue through a structured model of service offerings that encompass B2B and B2C transactions. Clients engage with Buckzy’s platforms primarily via subscription agreements or partnerships, allowing them to access the suite of tools necessary for managing their financial operations. Revenue is derived from the fees associated with the transactions processed through the Global Payout and Payins Networks, which businesses utilize to handle cross-border transactions efficiently. Additionally, the company offers specialized services such as card issuing and multi-currency accounts, further contributing to its revenue streams through tailored pricing plans that cater to the needs of its extensive client base.In December 2022, Buckzy Payments Inc. raised USD 14.5 mn in Series A funding to support its expansion in both product offerings and geographic reach. The company aims to develop and introduce new products that enhance its cross-border payment capabilities. Furthermore, Buckzy targets expansion into new markets, with specific plans to penetrate additional regions by the end of 2023.

## Funding rounds

- Series A, Dec 1, 2022, $15M — Blue 9 Capital, Revel Partners, Mistral Venture Partners, Luge Capital, Uncorrelated Ventures
- Seed, Apr 4, 2019, $1.3M — Revel Partners, Mistral Venture Partners

## Investors

- Revel Partners (https://capitalatlas.ai/funds/revel-partners) — Seed, Series A
- Mistral Venture Partners (https://capitalatlas.ai/funds/mistral-venture-partners) — Seed, Series A
- Blue 9 Capital (https://capitalatlas.ai/funds/blue-9-capital) — Series A
- Luge Capital (https://capitalatlas.ai/funds/luge-capital) — Series A
- Uncorrelated Ventures (https://capitalatlas.ai/funds/uncorrelated-ventures) — Series A