# PayQin

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

- Industry: Financial Services
- Headquarters: UK
- Website: www.payqin.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Jul 26, 2021)
- Investors on record: 5

## About

PayQin Limited is a UK-based fintech company specializing in secure payment solutions, offering virtual and physical cards for online and in-store transactions, along with fast international money transfers.Founded in 2017, PayQin Limited operates as a financial technology firm headquartered in the UK. The company focuses on providing payment solutions, having successfully completed 2 funding deals. The latest funding round occurred on July 26, 2021, when it raised EUR 300,000 in Seed funding from Specialist VC, Startup Wise Guys, and individual investors. The co-founders, Fabrice Amalaman and Pierre-Antoine SESQUE, have a background in financial technology, contributing to the company's innovative approach in addressing payment challenges.PayQin offers a suite of financial technology solutions designed to facilitate secure and efficient payment transactions across emerging markets. The company’s primary products include a virtual card, enabling users to make online payments without physical cash, and a physical card that supports contactless payments for in-store purchases. Additionally, PayQin provides instant international transfers, allowing users to send money abroad quickly and at competitive rates. The platform is tailored for both individual consumers and businesses seeking seamless transaction solutions in regions where traditional banking services may be limited.PayQin generates revenue through transaction fees associated with its payment services, including both the virtual and physical cards. Customers engage in financial activities such as online purchases and international money transfers, incurring fees for each processed transaction. The revenue model relies on direct-to-consumer interactions, with services accessed via a PCI/DSS certified mobile application. PayQin's offerings include free international transfers conducted through mobile numbers, enhancing user convenience and accessibility, while the overall revenue stream is driven by transaction volume and associated fees.In July 2021, PayQin Limited raised EUR 300,000 in Seed funding, which will be allocated to enhance product development and expand market outreach. The company is focused on launching additional financial products designed to further streamline transaction processes. Plans for geographic expansion include targeting new markets in the European region by the end of 2023, enhancing its service offerings to a broader customer base. The recent funding will enable PayQin to implement these initiatives effectively.

## Funding rounds

- Seed, Jul 26, 2021, $0.3M — Startup Wise Guys, Specialist VC
- Seed, Jun 22, 2020 — Estonian Business Angels Network, Martian Capital, Producement

## Investors

- Estonian Business Angels Network (https://capitalatlas.ai/funds/estonian-business-angels-network) — Seed
- Martian Capital — Seed
- Producement (https://capitalatlas.ai/funds/producement) — Seed
- Startup Wise Guys (https://capitalatlas.ai/funds/startup-wise-guys) — Seed
- Specialist VC (https://capitalatlas.ai/funds/specialist-vc) — Seed