Almost three years after selling payment solutions company SafeCharge for $889 million, Teddy Sagi is returning to the fintech world with the launch of his new company named Pay.com. The company was founded last year by Sagi and Tom Vaknin and they were joined by Assaf Cohen, who served previously as VP Sales at Checkout.com and Director of Business Development at Payoneer. Pay.com employs 45 people and recently received a $100 million line of credit from Sagi in order to make acquisitions.
Pay.com’s solution is based on full automation with no need for any human intervention from the moment that a merchant does a Google search for a payment solution for his/her business, through the entire testing, identification and verification process and ending with the sign-up process, similar to Stripe. The solution offers quick access to payment methods such as PayPal, Apple Pay, Google Pay, Skrill, Klarna and Paysafecard, with plans to expand to include access to hundreds of alternative payment methods (APMs) in the coming days.
According to the company’s forecasts, by the end of…
