Ventura Capital leads growth round in Payall Payment Systems
Payall Payment Systems, the world's first provider of end-to-end infrastructure that enables financial institutions to offer institutional-grade, safe, fast, low-cost, transparent and inclusive cross-border payments for B2X, P2X and G2X use-cases, has selected Ventura Capital to lead their Growth Round raise.
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With this new capital, Payall will accelerate its global payout partner connections and sales to originating institutions, correspondent banks and regulators as well as further distinguish its breakthrough counterparty risk management, multi-jurisdictional compliance automation and AI deployment.
Gary Palmer, founder and CEO of Payall noted, 'As a repeat founder of successful banktech companies, having financial sponsors who understand the challenges and rewards of building software used by banks and other regulated entities is critical. Mo not only gets the big idea we're powering, but his trusted financial institution network is extraordinarily valuable to me and Payall.'
As noted, part of the investment is earmarked to expand the sales team in order to respond to growing awareness at originating institutions that they can compete and win in crossborder payments with Payall. With regard to correspondent banks, Gary noted, 'our tech enhances their capabilities that work, but uniquely addresses serious problems that drive fear and friction - we're a correspondent bank and their regulator's best friend'.
Mo El Husseiny, managing partner of Ventura Capital noted, 'Ventura Capital is thrilled to lead this investment and contribute more than capital to Payall's differentiated technology that every financial institution needs to safely and efficiently address the complex and growing cross-border payments market - either as originator, correspondent bank or intermediary bank. We are particularly excited by the recognition among central banks - including being featured on the United States Federal Reserve's FedNow Marketplace - and global regulators that Payall's software is a breakthrough in managing counterparty risk and compliance obligations.'
This funding adds to the previous funding from a16z, Motivate Venture Capital, Thomson Reuters, Presidio Ventures / Sumitomo Corporation, RRE and PS27 and high net worth banking and fintech industry leaders.
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Finextra
5 days ago
- Finextra
Ventura Capital leads growth round in Payall Payment Systems
Payall Payment Systems, the world's first provider of end-to-end infrastructure that enables financial institutions to offer institutional-grade, safe, fast, low-cost, transparent and inclusive cross-border payments for B2X, P2X and G2X use-cases, has selected Ventura Capital to lead their Growth Round raise. 0 With this new capital, Payall will accelerate its global payout partner connections and sales to originating institutions, correspondent banks and regulators as well as further distinguish its breakthrough counterparty risk management, multi-jurisdictional compliance automation and AI deployment. Gary Palmer, founder and CEO of Payall noted, 'As a repeat founder of successful banktech companies, having financial sponsors who understand the challenges and rewards of building software used by banks and other regulated entities is critical. Mo not only gets the big idea we're powering, but his trusted financial institution network is extraordinarily valuable to me and Payall.' As noted, part of the investment is earmarked to expand the sales team in order to respond to growing awareness at originating institutions that they can compete and win in crossborder payments with Payall. With regard to correspondent banks, Gary noted, 'our tech enhances their capabilities that work, but uniquely addresses serious problems that drive fear and friction - we're a correspondent bank and their regulator's best friend'. Mo El Husseiny, managing partner of Ventura Capital noted, 'Ventura Capital is thrilled to lead this investment and contribute more than capital to Payall's differentiated technology that every financial institution needs to safely and efficiently address the complex and growing cross-border payments market - either as originator, correspondent bank or intermediary bank. We are particularly excited by the recognition among central banks - including being featured on the United States Federal Reserve's FedNow Marketplace - and global regulators that Payall's software is a breakthrough in managing counterparty risk and compliance obligations.' This funding adds to the previous funding from a16z, Motivate Venture Capital, Thomson Reuters, Presidio Ventures / Sumitomo Corporation, RRE and PS27 and high net worth banking and fintech industry leaders.
BBC News
03-04-2025
- BBC News
When Liverpool nearly missed out on Salah
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The Independent
02-04-2025
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The boss behind billion-pound car scheme Motability caught in Britain's benefits row
It was meant to be one of Britain's quieter welfare programmes – a behind-the-scenes scheme to help people with serious disabilities lease a car, using their benefits. But Motability has become a lightning rod in 2025, with questions over billion-pound profits, social media outrage over perceived abuse and a leadership team still battling an old reputation for high pay and poor PR. The company's latest filings show a total salary bill of £100.8m in 2024. The highest-paid director – understood to be CEO Andrew Miller – received a salary of £460,000 and a total package worth £747,000, down slightly from £765,000 the previous year. Collectively, directors earned a £1.2m in salary rising to £3.4m overall, including pensions and benefits. Meanwhile the controversial motor scheme, which allows people claiming a qualifying mobility allowance such as Personal Independence Payment (PIP) to lease a car, has swelled to include more than 815,000 users – up by 200,000 in just two years. 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And for Andrew Miller – who has swapped the newspaper boardroom for one of the most scrutinised jobs in the third sector – keeping the wheels turning smoothly is proving to be anything but straightforward.
