PayTech startup Atoa has raised $2.2 million in a pre-seed funding round led by Leo Capital and Passion Capital, with participation from angel investors such as Matt Robinson and Moon Capital Ventures. Atoa aims to disrupt the UK payment market by offering an alternative for small businesses to accept payments at a fraction of the costs charged by traditional providers, such as Mastercard and Visa. With Atoa's app, merchants can accept payments via SMS, Pay-by-Link, or QR code, while their customers can pay via any UK mobile banking app.