Payment Labs, a leader in fintech payment solutions, has successfully raised $3.25 million in an oversubscribed seed funding round. This funding aims to streamline complex payment processes in high-growth sectors such as sports, esports, and the creator economy. The round was spearheaded by Aperture Venture Capital, with additional investment from Capital Eleven, ESPMX, and others, highlighting the increasing demand for Payment Labs’ specialized SaaS platform. This platform enables businesses to efficiently manage global transactions in over 150 currencies across more than 180 countries.
CEO Han Park drew on his experience in esports to address international competition challenges, compliance issues, and the need for efficient payee management. Payment Labs applies these insights to sports and other industries, offering solutions that eliminate similar obstacles. The company plans to expand its offerings and scale its team to enhance the speed, ease, and compliance of payments.
The platform provides a comprehensive API-driven solution for secure payments, incorporating tax and regulatory compliance, payment tracking, reporting tools, and diverse payment methods. The new investment will accelerate the company’s goal to automate payins and payouts, offering customized solutions for royalties, revenue sharing, and business services not typically covered by traditional platforms.
With clients such as Microsoft, SEGA, X Games, and more, Payment Labs has processed over $50 million, establishing itself as a premier fintech solution for complex payment processes. Aperture VC’s Garnet Heraman praised the leadership team’s ability to rapidly convert vision into value, foreseeing significant growth aligned with industry trends in global sports and the creator economy.
The funding announcement coincides with the hiring of Paul Brewer as Executive Vice President of Sales & Sports Partnerships, reinforcing Payment Labs’ dedication to the sports sector and further solidifying its industry presence.
