Payaut is an automated PSD2-compliant payment solution for online platforms and marketplaces.
PAYAUT offers any online marketplace an easy PSP agnostic solution that enables the platform to be compliant with EU regulation.
Payaut was founded in 2019 by Ernst van Niekerk and Gillis Haasnoot. The company is headquartered in Amsterdam, North Holland, Netherlands.
Payaut's platform provides automated solutions such as reconciliation, balance management, invoicing, seller verification through KYC checks, and split payments.
Payaut's API-driven platform enables customers of any size to efficiently and securely manage their payments and finances while also remaining compliant with legislation such as PSD2.
Payaut verifies sellers on each platform instantly and automatically to comply with all the necessary ‘Know Your Customer’ regulations in the PSD2. Customers include Dutch Airbnb for boats, Barqo, and for motorbikes, Motoshare, and insurtech SharePeople, which offers income protection for entrepreneurs.
Payaut is backed by Gradient Ventures, LocalGlobe, Entrée Capital, Finch Capital, and others. The company raised an additional €8M in Seed financing on Apr 13, 2022. This brings Payaut's total funding to €11.6M to date.