VP of Marketing
Israeli Fintech startup Payouts.com offers a payments and vendor management platform. The firm secured an additional $8 million in funding, bringing its Seed round total to $12.1 million. This fresh capital injection will fuel their development of a cutting-edge platform for streamlined payout and vendor management.
The round was led by NFX, a prominent venture capital firm. They were joined by industry veterans Eddie Shalev (founder of Genesis Ventures), Boaz Weinstein (founder of Saba Capital Management), and iAngels.
This latest investment builds on Payouts.com’s initial $4 million Seed funding secured in late 2023.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Founded by CEO Leor Ceder and Barak Hirchson, Payouts.com provides automated, worldwide real-time payouts. Instantly pay vendors and affiliates with unmatched speed and simplicity.
The digital economy has seen a boom in partnerships between businesses and a wider variety of suppliers. However, managing these diverse relationships can be a logistical nightmare, even for large companies. Payouts.com recognizes this challenge.
They argue that the surge in supplier connections has created a complex web of financial and operational headaches. Traditional methods of payout and supplier management are no longer efficient.
Here’s where Payouts.com is useful. Their user-friendly platform streamlines the entire supplier payment process. It handles everything from onboarding new vendors and managing connections to executing secure and timely payments. Payouts.com integrates with over 600 enterprise resource planning (ERP) systems, allowing for seamless financial operations and efficient payment management
Payouts.com VP of Marketing Rubi Lebovitch explained that the global marketing landscape, increasingly reliant on international influencers, affiliates, and creators, is highlighting the shortcomings of traditional payout methods. As businesses expand their reach through freelancers and digital partnerships, cross-border payment complexities have become a major hurdle. The gig economy and digital marketplaces have opened up unprecedented opportunities for accessing specialized talent and entering new markets. Yet, outdated payout systems, bogged down by manual processes and legacy technology, are struggling to meet the demands of this new era of global collaboration.
