Published On: Tue, Feb 9th, 2021

David Avgi’s Fintech startup UNIPaaS raises $10 million in seed round

David Avgi / UNIPaaS/ source website

Israeli fintech startup UNIPaaS has raised $10 million in a seed round led by TPY Capital and with the participation of FJ Labs, and a number of well-known investors from the global fintech industry and local investors including Talmon Marco the founder of Juno, Viber Media, Expand Networks, and iMesh, and Ofer Samadri, CEO and co-founder of Luminate which was acquired by Symantec.

UNIPaaS founded in 2020, by David Avgi, former CEO and co-founder with Tedy Sagi of the payment solutions provider SafeCharge International Group which was acquired by the Nuvei Group for US$889 Million.

Other co-founders of the new company are SafeCharge’s former top executives: Tsach Einav, Oded Kovach, and Limor Liberman.

The payments company is focusing on cloud-based services and offering flexible pay-in/pay-out options for both local and global customers and is targeting companies in both B2B and B2

Since its inception, UNIPaaS has managed to obtain license from the UK on December 14. This license will allow the company to offer several payment services.

“We are changing the way businesses operate and handle payments,” said Avgi. “B2B wants to preserve their payment experience, without the burden of developing additional technologies or the complicated handling of regulation and licensing. “

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