Warsaw-based fintech Paymove, which operates in the offline payments sector, has raised €2.12 million in a funding round led by 4growth VC, with participation from Kogito Ventures and a group of business angels, as Vestbee was told.
- Founded in 2023 by Piotr Mazur, Kamil Kuper, and Tomasz Gęsior, Paymove is a Polish fintech that builds QR-code payment infrastructure for offline and unattended commerce.
- It enables customers to pay for services such as parking, tickets, public transport, and administrative fees by scanning a QR code, removing the need for physical cash desks, payment terminals, app downloads, or registration.
- Transactions are processed instantly on mobile devices, allowing businesses to streamline payments and reduce operational infrastructure.
"Our goal is to transform our services into a comprehensive Payment-as-a-Service platform built on three pillars: occasional payments, e-commerce & mobile, and agentic payments driven by AI models," explains Piotr Mazur, CEO of paymove.
- To date, paymove operates across more than 2,000 locations in Poland, reaching over 600,000 users and processing hundreds of thousands of transactions annually.
Details of the deal
- Paymove plans to use the fresh funding to develop a dedicated payment infrastructure for autonomous AI agents (Agentic AI Payments) and accelerate its expansion into Western European markets, including Spain, Portugal, and Italy.
