# Dream Payments

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

- Industry: Hardware
- Headquarters: Toronto, Canada
- Website: www.dreampayments.com
- Total disclosed funding: $7.4M
- Latest round: Series A (Mar 8, 2017)
- Investors on record: 3

## About

Dream Payments Corp. specializes in embedded payment solutions, providing innovative technology designed to enhance payment processing for various industries, including finance and software sectors.Founded in 2014, Dream Payments Corp. is based in Toronto, Canada. The company focuses on enabling seamless payment solutions through its flagship product, DreamPay. Brent Ho-Young, the founder and CEO, has a background in technology and finance. In 2017, Dream Payments raised CAD 10 million in a Series A funding round led by Fair Ventures, with contributions from Connecticut Innovations and Real Ventures.Dream Payments offers a comprehensive suite of embedded payment solutions, prominently featuring DreamPay, which enables secure and scalable payment processing for various sectors including insurance, financial institutions, and software platforms. The core functionality of DreamPay lies in its API and in-context payments solution, designed to facilitate seamless inbound and outbound payments throughout customer journeys. This service empowers organizations to swiftly integrate digital and mobile payment capabilities directly into their offerings, enhancing user experience and operational efficiency. DreamPay's client base includes banks, insurance providers, software developers, and other large enterprises seeking to optimize their payment processes. The geographical markets served by Dream Payments extend beyond Canada, reaching a diverse range of industries in North America and possibly into select regions in Europe, providing localized solutions tailored to meet specific regulatory and operational requirements.Dream Payments operates on a revenue model that encompasses transaction-based fees and subscription services linked to its embedded payment solutions. The company structures its transactions through partnerships with financial institutions and software platforms, allowing them to utilize DreamPay’s technology for processing payments. A typical transaction scenario may involve a software platform integrating DreamPay to facilitate payments for its users, charging a fee for each transaction processed. This fee can be associated with services such as point of sale transactions, online payment processing, or payouts to contractors and businesses. Additionally, Dream Payments may offer pricing plans that include features like revenue sharing and monetization options, ensuring that clients can effectively manage their payment processing costs while delivering top-tier payment journeys to their end users.Following the CAD 10 million Series A funding on March 8, 2017, Dream Payments plans to utilize this capital for developing new product features within DreamPay, aimed at enhancing user integration. The company is also targeting expansion into select regions in Europe by 2025, aiming to provide localized payment solutions tailored to new market demands. Recent funding will facilitate these initiatives as Dream Payments seeks to broaden its market presence and innovate its service offerings.

## Funding rounds

- Series A, Mar 8, 2017, $7.4M — Connecticut Innovations, Real Ventures, Fair Ventures

## Investors

- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series A
- Real Ventures — Series A
- Fair Ventures — Series A