Visa and Mastercard payments are convenient for customers, but can cost merchants high processing fees. Atoa Payments wants to provide a cheaper alternative that is still easy for customers to use. The London-based fintech announced today that it has raised $2.2 million in pre-seed funding.
The round was led by Leo Capital and Passion Capital, with participation from angel investors like GoCardless and Nested co-founder Matt Robinson, Moon Capital Ventures and MarketFinance co-founder Anil Stocker.
Atoa co-founder Sid Narayanan told TechCrunch that he and co-founder Cian O’Dowd developed the i