The startup offers a payment orchestration platform that enables organizations to efficiently route payments, enhance enterprise security, and implement fraud prevention measures. By providing unlimited connections and robust data reporting, the platform helps businesses reduce transaction costs and increase conversion rates, ultimately improving customer engagement.
Funding
$27.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ISFounders
Product
Problem
Merchants face increasing complexity and costs when managing multiple payment service providers due to disparate systems, evolving compliance requirements, and the need to integrate new payment methods. This complexity hinders their ability to optimize payment strategies, secure customer data, and adapt to changing market demands efficiently.
Solution
Paydock offers a payment orchestration platform that simplifies the integration and management of multiple payment gateways, fraud prevention services, and other value-added services through a single API. The platform's no-code configuration allows merchants and banks to deploy, manage, and scale their payment strategies without the need for extensive technical resources. By providing a unified solution for routing payments, enhancing security, and streamlining data reporting, Paydock enables businesses to reduce technical costs, improve customer experiences, and future-proof their payment offerings. The platform's PCI-DSS Level 1 compliant token vault ensures secure storage of payment data, while its dynamic routing engine optimizes transaction costs and success rates.
Target Audience
Paydock primarily targets merchants and banks seeking to streamline payment operations, reduce costs, and improve security while maintaining flexibility and control over their payment ecosystem.
Features
- Seamless connection to over 50 'deep' global processing partners and 100+ more through partnered connections
- Dynamic payment routing based on currency, country, scheme, and network to optimize costs
- PCI-DSS Level 1 compliant token vault for secure customer data storage
- Unified dashboard for end-to-end visibility, traceability, and security across payment services
- Autonomous recurring payments engine with flexible interval and frequency options
- Real-time event notifications via email, SMS, and webhooks for improved operational clarity
- Rapid activation of global fraud vendors with customizable risk profiles
- Client SDK with a fully PCI and PSD2-compliant payment widget for secure payment detail capture
- Automated failover process for transactions by intelligently rerouting to alternative payment methods
- In-house audit tool for simplified reporting and reconciliation