# Citypay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/citypay

- Industry: Financial Services
- Headquarters: Tbilisi, Georgia
- Total disclosed funding: $2.2M
- Latest round: Seed (Aug 17, 2023)
- Investors on record: 2

## About

Based in Tbilisi, Georgia, and co-founded by Eralp Hatipoglu (CEO) and Beka Kemertelidze (COO) in 2020, Citypay Bilgisayar Teknolojileri ticaret Limited Sirketi trading name under Citypay operates as a financial service company offering a platform for digital payment and transaction. In August 2023, the firm raised EUR 2 million in seed funding co-led by investors Presto Ventures and Tether International Limited. The firm as of July 2023, has more than 600 customers and does over 50000 transactions monthly.

The company enables businesses to expand their customer base, enhance financial autonomy, and safeguard transactions through crypto payment solutions. CityPay through CityPay.io, helps businesses access new, international customers from any point of the world and allows crypto payment from a range of payment channels through application programming interface (API) integration, balance top-up, point-of-sale (POS) application, and e-mail order. Some of the company’s clients StarupIshtanbul, tether, Binance, Bitnet, Presto Ventures, etc. The firm supports businesses like entertainment and gaming, internet service providers, e-commerce, etc by cutting down costs by 5 times and offering their clients independent and 100% anonymous transactions. For Individuals, Citypay offers e-wallet and crypto buying option in EUR, GBP, CZK, AUD, and USD.

Citypay generates its revenue by offering its digital payment services by charging a fee of 1% of cryptocurrency transactions.

The company plans to utilize the August 2023 funding for business expansion and further product development.

## Funding rounds

- Seed, Aug 17, 2023, $2.2M — Presto Ventures, Tether

## Investors

- Presto Ventures (https://capitalatlas.ai/funds/presto-ventures) — Seed
- Tether — Seed