What is PayCore?
PayCore operates as a comprehensive provider of payment infrastructure, offering a robust suite of services that includes digital payment acceptance, card issuing, and acquiring capabilities. The company distinguishes itself by providing end-to-end management of card products, effectively allowing banks and e-money institutions to outsource their technical payment systems to a reliable partner. By combining hardware expertise with sophisticated software solutions, PayCore addresses the critical needs of payment facilitators and retailers who require high-availability, secure, and scalable transaction environments. Their market position is further bolstered by strategic partnerships with leading security and card printing technology providers, ensuring that their clients remain at the forefront of payment innovation.
How much funding has PayCore raised?
PayCore has raised a total of $19.3M across 1 funding round:
Series A
$19.3M
Series A (2016): $19.3M with participation from Revo Capital and MV Holding
Key Investors in PayCore
Revo Capital
Revo Capital is a venture capital firm that invests in innovative, early-stage B2B and B2C technology ventures primarily in Turkey, Eastern Europe, and the Baltics, focusing on fintech and AI.
MV Holding
MV Holding is a diversified investment group founded in 1993 that creates value across technology, hospitality, and renewable energy sectors, with a history of backing major telecommunications infrastructure.
What's next for PayCore?
With the successful closure of this funding round, PayCore is expected to prioritize the expansion of its digital payment acceptance platforms and the modernization of its card issuing services. The strategic roadmap likely involves deepening its penetration into emerging markets where the demand for outsourced payment infrastructure is rising rapidly. Furthermore, the company is poised to leverage its existing partnerships to integrate advanced security protocols and AI-driven analytics into its core offerings. As the industry shifts toward real-time, frictionless transactions, PayCore's focus on reliability and comprehensive system management will be essential in maintaining its competitive edge and driving long-term value for its stakeholders.
See full PayCore company page
