Pagos, a Los Angeles, CA-based payment intelligence company, raised $34M in Series A funding.
The round was led by Arbor Ventures, with participation from Point 72 Ventures, Infinity Ventures and Underscore VC.
Founded in 2021 and led by CEO Klas Bäck, Pagos is a payment intelligence company that turns disparate, hard-to-access, digital payments data into clear, actionable business insights. Any company selling or billing online can use the platform to optimize their payment infrastructure and maximize revenue, without modifying their existing payment stack. With more than 1 billion transactions analyzed per year, the platform is used by many of the world’s largest online brands such as Adobe, Eventbrite, GoFundMe, and Warner Bros Discover.
The company intends to use the funds to expand its engineering team and advance the platform’s enterprise product suite of Parrot, Peacock, Canary, Toucan, and Loon.