Fintech Startup Paymove Raises €2.12 Mn in Round led by 4growth VC

The company is building payment systems designed for autonomous AI agents and plans to expand its business across Western Europe.

The funding round was led by 4growth VC, along with participation from Kogito Ventures and several well-known business angel investors.

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“paymove’s ambition is to build a cohesive payment ecosystem for partners seeking technologically straightforward and cost-effective solutions. Our goal is to transform our services into a comprehensive Payment-as-a-Service platform built on three pillars: occasional payments, e-commerce & mobile, and agentic payments driven by AI models. While we already have market-ready products and an active client base in the first two segments, we will unveil our dedicated infrastructure for AI agent payments later this year,” announces Piotr Mazur, CEO of paymove.

“The offline payments market remains heavily under-digitalised, burdened by outdated and expensive physical infrastructure. The paymove team excels at precisely defining merchant needs, offering a frictionless entry point with zero implementation or hardware costs, while delivering an ultra-simple interface for the payer,

“While the e- commerce space is hyper-saturated, the offline market – further propelled by EU SEPA Instant regulations – presents a unique window of opportunity to capture market leadership. We see massive scalability here,” comments Jan Kastory, Managing Partner at 4growth VC.

Paymove currently works in more than 2,000 locations in Poland and serves over 600,000 users. It processes hundreds of thousands of payments every year.

The company’s next big goal is to expand internationally. It is already in advanced talks to enter new markets like Spain, Portugal, and Italy.

The company estimates the European offline payments market is estimated at €39.5 billion, with the unattended segment alone accounting for approximately €9.5 billion.

“Since our initial discussions two years ago, paymove has made tremendous strides,proving that its model can rapidly capture untapped market share in Poland. This successful domestic validation paves the way for the next phase of growth: dynamic international expansion and deploying a proven solution into Western European markets,” says Marcin Jaszczuk, Managing Partner at 4growth VC.

Founded in 2022, Paymove is a fintech company from Poland that helps people and businesses handle digital payments.

It works in thousands of locations and already has a large user base in Poland. The company processes a high number of transactions every year, making payments faster and easier.

Paymove is also working on new technology for AI-powered payment systems, especially for autonomous AI agents that can make and manage payments automatically.