PAYOSU

Company Overview

Snapshot

Founded in January 2016 by Alon Zion, Noam Nevo, and Tali Av-zuk, PAYOSU operates with 11–50 employees. The company has raised $4 million across two funding rounds from six investors. In January 2018, PAYOSU secured $3.65 million in its last funding round.

Business overview

PAYOSU offers an invoicing and payment solution designed for freelancers, sole traders, and the self-employed, aiming to simplify the process of getting paid. Its core technology enables users to share invoices and payment links via smartphone, allowing clients to pay directly through their bank accounts using facial recognition or Touch ID, with funds instantly transferred. The company serves the fintech and eCommerce sectors, eliminating transaction fees for users and automating payment reminders.

Strategic signal

In April 2021, PAYOSU was highlighted for its app that simplifies payments for the self-employed, emphasizing its value proposition of removing the complexities of traditional payment methods. This signals the company's focus on user-centric design and its potential to streamline financial operations for independent workers, validating its market fit in the gig economy.

Company Intelligence Q&A

What is PAYOSU's primary offering?

PAYOSU provides an invoicing and payment solution specifically designed for freelancers, sole traders, and the self-employed, facilitating easy and fee-free payments.

When was PAYOSU founded and by whom?

PAYOSU was founded in January 2016 by Alon Zion, Noam Nevo, and Tali Av-zuk.

What was PAYOSU's last funding round?

In January 2018, PAYOSU secured $3.65 million in its last funding round.

How much capital has PAYOSU raised in total?

PAYOSU has raised a total of $4 million across two funding rounds.

What is the strategic focus of PAYOSU's payment solution?

PAYOSU's solution focuses on enabling quick payments for freelancers without transaction fees, using bank transfers and automated reminders, as highlighted in April 2021.