AuthPay Raises $450K Led by SCOPE VC

Fintech trailblazer AuthPay, founded in July 2020, has secured $450,000 in a pre-seed funding round led by SCOPE VC. Known for its robust payment solutions tailored to businesses worldwide, AuthPay stands at the forefront of secure transaction processing. Harnessing cutting-edge technology and a customer-centric ethos, AuthPay streamlines transactions, bolsters security measures, and ensures seamless payment experiences.

SCOPE VC, the investment arm of the esteemed networking platform SCOPE, takes center stage in this funding initiative. This investment follows the recent unveiling of a $45 million venture capital fund dedicated to nurturing innovation in fintech and gaming. “Our investment transcends mere capital infusion; it’s about cultivating an ecosystem where startups like AuthPay can flourish, redefine industry standards, and significantly impact fintech’s evolution,” remarked Appalla Saikiran, SCOPE’s Founder and CEO.

The collaboration between AuthPay and SCOPE VC extends beyond financial support. AuthPay stands to gain from mentorship, industry insights, and operational guidance from seasoned professionals within the SCOPE ecosystem. This strategic alliance aims to propel AuthPay’s trajectory by harnessing cutting-edge technologies and innovative business models within the fintech realm.

AuthPay stands out as an intelligent wallet, optimizing rewards for every purchase. With its patent-pending AI technology, AuthPay recommends the most suitable card based on merchant type, location, and loyalty programs, ensuring customers maximize rewards with each transaction. “Partnering with Saikiran and SCOPE has been incredibly rewarding, and we look forward to further strengthening this collaboration as we forge ahead,” shared Mike Yoo, AuthPay’s Co-founder.