Fintech startup BridgerPay raises $6m seed round for self-onboarding payment operations platform

Fintech startup BridgerPay raises $6m seed round for self-onboarding payment operations platform

Published: 11-05-2022 13:45:00 | By: Pie Kamau | hits: 525 | Tags:

BridgerPay, a Limassol, Cyprus-based payment operations platform provider, raised $6 million in seed (equity and secondary) funding, to build the world's first self-onboarding payment operations platform, making it a full SaaS product, recruit world-class talent, and scale its go-to-market strategy. The round was led by Nati Harpaz and SIBF.

$156 trillion will cross international borders in 2022, with cross-border transactions worth up to 41% more than local ones. Businesses have the need to enter new markets, automate payment flows, connect multiple payment providers, and generate data-driven insights. BridgerPay allows any business to connect their website to a PCI Level-1 end-to-end payment operations platform with 500+ ready-made connections.

Ran Cohen, CEO & Co-founder, BridgerPay: "We successfully converted from B2B to B2C and felt the issues of processing cross-border payments first hand. Growing organically and bootstrapped was not easy, but we could speak with thousands of merchants and understand their payment challenges. When building a new feature, the core idea is to satisfy the merchants' needs, not some legacy notion about how payment operations should be; this is why we offer solutions that none of our competitors can."

With BridgerPay any business can set up in seconds a payment operations platform connected to its website through a ready-made plugin (Magento, WooCommerce, WordPress, PrestaShop, BigCommerce, and more) or a few lines of code. The automated signup complements the platform's Lego-like interface and makes available to everyone a technology that used to be a prerogative of large enterprises. This includes Bridger Retry to save declined card payments.

"$800 billion in transactions are declined yearly, leading to lost revenue and poor customer experience; what we've built in BridgerPay is what's needed to take payments to the next level, allowing merchants to save up to 30% of declined card transactions. BridgerPay is available to everyone, independently of provider, location, platform, payment flows, and business logic. BridgerPay is unified, agnostic, and can help any business to scale faster. We will soon reveal new ways to pay and AI-powered tools that democratize payments data, providing never-seen-before insights based on billions of transactions," Ran said.

BridgerPay is headquartered in Cyprus with offices in Tel Aviv and its seeing a +300% YoY growth and is opening offices in the US, UAE, and Australia to better serve global clients of all sizes with a local footprint.