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Thiel-backed fund Valar seeds British payments start-up

Atoa Payments, which said it helps merchants and consumers by bypassing Visa and Mastercard, has raised about £5m from backers including Peter Thiel’s Valar Ventures, Sky News learns. ....

City Of , United Kingdom , Robert Dighero , Sid Narayanan , Peter Thiel , Arun Rajkumar , Atoa Payments , Valar Ventures , Elon Musk , Passion Capital , Ciano Dowd ,

Atoa helps UK merchants cut down on card processing fees

Visa and Mastercard payments are convenient for customers, but can cost merchants up to 2% in 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. ....

United Kingdom , City Of , Matt Robinson , Robert Dighero , Sid Narayanan , Bank Pay , Cleo Capital , Passion Capital , Moon Capital Ventures , Ciano Dowd , Instant Bank ,