AuthPay raises $450K in pre-seed round

Fintech startup AuthPay has secured $450K in a pre-seed round of funding led by SCOPE VC.

The proceeds will be used to propel its growth, enabling the startup to leverage technologies and transformative business models within the fintech sector, AuthPay said in a press release.

Established in July 2020, AuthPay provides secure payment solutions for businesses worldwide leveraging advanced technology and a customer-centric approach. The platform enables businesses to streamline transaction processing, enhance security, and deliver seamless payment experiences to their customers.

AuthPay is a smart wallet that maximizes rewards for every purchase. Its patent-pending AI recommends the card based on merchant type, location, and loyalty programs.

SCOPE is an invite-only networking platform that connects startups, investors, and industry experts on a global scale. This investment in Authpay follows SCOPE VC's recent launch of a $45 million venture capital fund which is dedicated to fuel innovation in fintech and gaming sectors.