Payment Intelligence Company Pagos Gets $34 Million

In a Series A round, led by Arbor Ventures, Pagos raised $34 million. The company was started by former employees of Braintree and PayPal.

Point 72 Ventures, Infinity Ventures, and Underscore VC all participated in the round. The money raised will be used to grow the Pagos engineering team and improve the enterprise product suite of the platform.

Online companies like Adobe, Eventbrite, GoFundMe, and Warner Bros. Discover use the Pagos platform to turn digital payment data that is spread out and hard to get to into clear, actionable business insights.

The company’s tools can be used on top of the payment processing infrastructure that businesses already have. For example, Peacock offers a dashboard that lets businesses see, analyze, and act on payments data across vendors, channels, and markets.

Klas Bäck, CEO, Pagos, says:

“Our platform helps companies understand and act on the data that already exists within their payments environment, allowing them to better support changing consumer behaviour and demands, reduce their operating costs, increase their revenue, and mitigate unnecessary customer friction—all without having to change their current payments infrastructure.”