Tel Aviv based social banking solution provider PayKey has secured $6m in Series B funding led by MizMaa. PayKey enables payments within any social network, including Facebook Messenger, WhatsApp, Twitter etc.
In November 2016, the company secured USD 6 million in Series A funding to develop its mobile payment solutions. The solution lets bank customers transfer money instantly using popular social networks and messaging apps such as Facebook’s Messenger, WhatsApp and Twitter. The PayKey solution was launched by Turkey-based Garanti Bank with a focus on the P2P payment needs of its growing base of young customers. The solution was launched to capitalize on this untapped market segment.