What is PayCore?
PayCore specializes in providing comprehensive and innovative payment solutions tailored for a diverse clientele, including banks, payment facilitators, e-money institutions, and retailers. Their extensive product suite encompasses core payment processing, digital payment acceptance, sophisticated card issuing and acquiring services, and essential payment hardware. With a strong emphasis on reliability and end-to-end management of card products, PayCore empowers clients to effectively outsource their payment systems. The company's recognized expertise, bolstered by strategic partnerships with leading security and card printing technology providers, positions it as a key enabler in the digital payments ecosystem.
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 focused on early-stage B2B and B2C technology ventures, primarily in Turkey and Eastern Europe, aiming to support local entrepreneurs in achieving global reach.
MV Holding
MV Holding, founded in 1993, is a Turkish investment group with significant stakes in technology, hospitality, and renewable energy, notably co-founding Turkcell and founding KVK.
What's next for PayCore?
The recent major strategic investment into PayCore signals a pivotal phase for the company, likely aimed at accelerating its expansion into new markets and enhancing its technological infrastructure. Given the enterprise-level funding context, PayCore is poised to further solidify its position in the competitive payment solutions landscape. Future developments may include the integration of advanced security features, the expansion of its digital acceptance network, and the development of next-generation payment hardware. This strategic financing is expected to fuel innovation and drive the company's mission to provide seamless and secure payment experiences for its global partners.
See full PayCore company page
