Pagos Raises $10M to Optimize Businesses Existing Payments Infrastructure

Choate represented Pagos, a payment intelligence infrastructure startup founded by former Braintree and PayPal execs, in its $10M seed funding. The investment will support Pagos in offering services such as “immediate” payment data visualizations, automatic notifications on payment trends or problems, and up-to-date bank identification number (BIN) details to manage customers and track costs. Underscore VC and Point72 Ventures co-led Pagos’ seed round, as well as angels including former Venmo GM and current Accel investor Amit Jhawar; Bill Ready, Google’s president of commerce & payments; Billy Chen, VP of financial partnerships at Finix and former director of payments at Uber; and Rich LaBarca, GM of Dynamics 365 Customer Insights at Microsoft.