AeroPay, a U.S.-based alternative payments platform, announced on Tuesday the closing of a seed round to accelerate its growth. The investment round was led by Continental Investors, a direct private investment firm leveraging more than 70 years of investing expertise in financial services and commerce.
Founded in 2017, AeroPay states that its payment solutions are designed to provide businesses with lower costs, faster settlement times, and enhanced security. The company does this by using its patented payments process that enable “smart bank transfers” between businesses and their customers (C2B) or other businesses (B2B).
“The AeroPay platform eliminates traditional payment processing burdens, including high costs, slow settlements, and security issues. It works by enabling seamless bank-to-bank digital payments between businesses and their customers. The platform is built to work in any environment, both in-person or online.”
Speaking about the AeroPay platform’s development and the investment round, Daniel Muller, CEO & Founder of AeroPay, stated:
“We built our platform to simplify the payments process for owners and operators in all industries and verticals. We’re extremely excited about the group of investors we’ve brought on, specifically the team at Continental Investors, as their expertise aligns perfectly with the type of company we’ve set out to create.”
AeroPay is planning to use the funding to add top-tier talent, enhance its product capabilities, and continue to scale its operations throughout the U.S. The exact amount AeroPay raised through the investment round has not been disclosed at this time.