PARAM
Latest round
- Series A
Last raised
- Jun 2022
Total raised
- $29M
Investors
- 4
About PARAM
Founded in 2013, PARAM specializes in financial technology, offering innovative solutions for digital payments.Param offers a range of financial technology products aimed at simplifying digital transactions and enhancing the consumer experience. Its core offerings include prepaid cards, payment solutions, and cash-back programs that cater to individual users and businesses alike. Users can easily withdraw, send, and make payments using the Param card, which also allows for earning cash-back rewards with every purchase. The company provides integrated online payment systems, including a secure virtual POS option compatible with various banking institutions, enhancing transaction efficiency for businesses.Param's revenue generation strategy is built on processing payment transactions and providing value-added financial services to both individual consumers and businesses.19% for payments processed via its virtual POS system. Businesses utilizing Param's services can manage payments efficiently through a single link, facilitating seamless transactions without the need for additional integration costs. The company plans to launch new products aimed at enhancing user experience in the coming year and is targeting expansion into additional European markets by late 2023.
Who invested in PARAM
4 investors across 1 round
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Funding rounds
Series A
Jun 15, 2022
Amount
$29M
Investors
Questions about PARAM
Who invested in PARAM?
PARAM has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has PARAM raised?
PARAM has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did PARAM last raise money?
PARAM's most recent round on record is a Series A, in Jun 2022.
What does PARAM do?
Founded in 2013, PARAM specializes in financial technology, offering innovative solutions for digital payments.
Where is PARAM headquartered?
PARAM is headquartered in Turkey.
Which VCs invest in companies like PARAM?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and Radical Ventures back financial services companies at PARAM's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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