PAYOSU

Invoicing and Payment Solution for Freelancers

Fintech & Insurtech
Non Active, Aug 2024 ceased to operate

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 April 2021, PAYOSU was featured for its app that simplifies payments for the self-employed.

Business overview

PAYOSU develops an invoicing and payment solution designed for freelancers, sole traders, and the self-employed. Its core technology enables users to send invoices and payment links via SMS, email, or QR code, allowing clients to complete payments instantly through bank transfers using facial recognition or touch ID, without transaction fees. The company serves the global market within the Fintech & Insurtech sector, focusing on money transfer and management.

Strategic signal

In April 2021, PAYOSU was highlighted for its app that streamlines payments for the self-employed, emphasizing its no-transaction-fee model and automated payment reminders. This signals a focus on reducing financial friction and improving cash flow for independent workers, a key value proposition in the evolving 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, enabling them to send invoices and receive payments without transaction fees.
When was PAYOSU founded and by whom?
PAYOSU was founded in January 2016 by Alon Zion, Noam Nevo, and Tali Av-zuk.
What is the total capital raised by PAYOSU?
PAYOSU has raised a total of $4 million across two funding rounds.
How does PAYOSU's payment system work?
Users share an invoice and payment link, allowing clients to select their bank and confirm payment via facial recognition or touch ID, with funds instantly transferred to the user's bank account.
What was a key feature highlighted about PAYOSU in April 2021?
In April 2021, PAYOSU was noted for its app that simplifies payments for the self-employed by eliminating transaction fees and providing automated payment reminders.

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