Latest news with #Amigo
Axios
17 hours ago
- Business
- Axios
Exclusive: Payabli raises $28M to scale embedded payments
Payabli, a Miami-based embedded payments platform, has raised $28 million in Series B funding led by existing investors Fika Ventures and QED Investors, its founders tell Axios exclusively. Why it matters: Payments are becoming a core strategy for software vendors and SaaS platforms to unlock new revenue streams and deepen customer relationships. How it works: Payabli provides vertical software companies with an embedded platform that combines payment acceptance, payment issuance, and payment operations under a single API. This lets software vendors and vertical SaaS providers offer branded payment solutions without managing multiple third-party providers. "We remain laser-focused on our mission of making all software companies payment companies," co-founder William Corbera says. "And on unifying pay-in, pay-out and pay-ops through a single, unified API." What they're saying: "Vertical-SaaS platforms used to see payments purely as a cost center, but Payabli makes it so easy to embed and monetize that it's a no-brainer," Fika Ventures general partner TX Zhuo says. By the numbers: Payabli has grown nearly 8x since its Series A, processing billions annually and supporting over 50,000 merchants, Phillips says. He expects the company to support over 100,000 merchants by year's end. Between the lines: Insiders QED and Fika decided to double down on the company less than a year after it raised its Series A round. "We didn't need the money ... but our investors came to us. They see Payabli as a multiple-billion-dollar company and wanted to accelerate our growth," co-founder Joseph Elias Phillips says. Zhuo notes that the Series B round was the largest check Fika has written to date. "The team is building the go-to platform for software companies looking to embed payments, and we wanted to ensure they had capital to accelerate," QED partner Laura Bock said in an email. The latest: With the new funding, the company is betting big on AI, which it uses for risk management, fraud detection, customer support, and platform integration. It recently introduced an AI-powered support agent, Amigo, that is trained on extensive customer and platform data. "We've been investing heavily in AI — from Amigo on the support side to risk-and-fraud models across the platform — to keep the infrastructure reliable as we scale," Phillips says. Zoom in: The funding brings Payabli's total raised to $60 million, just nine months after its Series A.
Yahoo
2 days ago
- Entertainment
- Yahoo
Rock Star, 37, Suffers Heartbreaking Personal Loss: 'Devastated'
Rock Star, 37, Suffers Heartbreaking Personal Loss: 'Devastated' originally appeared on Parade. Amigo the Devil's house tragically burned down—and the rock star, whose real name is Danny Kiranos, took to social media to share photos of the aftermath. On Friday, June 13, the singer, 37, took to Instagram with a carousel of pictures of his home ablaze and the rubble afterward, along with a reflective message. 🎬 SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 "Everything is gone," Amigo declared. "I have both too many and too few words right now," he continued. "I'm happy and grateful for all of our lives. I'm devastated for anyone who put love, effort and kindness into making this home what it was." In his update, the "Hell and You" singer noted that he lost original Amigo art, hand-written lyric books "filled with songs that'll never be," hard drives with demos and so much more. Amigo added, "I'm horrified for the irreplacable [sic] loss that Abbey is going through of her best friend, the best little dog that so many of you met this last tour, Kobe." After promising another update later, the rocker said his family is "trying to stay positive" and "hopeful." He concluded, "I'm trying to forget I ever wrote a song called it's all gone but at the same time the little jokes help here and there. This was genuinely a night without mercy." In the comments, Amigo's fans shared their reactions and condolences. One Instagram user wrote, "Oh my god, brother! 😢😭💔I love you and I'm so sorry!" Another shared, "Our hearts are with you 🖤🖤🖤." Someone else echoed, "So sorry to see this. My heart aches for you all. 😭." Meanwhile, yet another follower commented, "Absolutely devastating to see, I'm glad you guys are okay❤️." Next: Rock Star, 37, Suffers Heartbreaking Personal Loss: 'Devastated' first appeared on Parade on Jun 14, 2025 This story was originally reported by Parade on Jun 14, 2025, where it first appeared.
Yahoo
2 days ago
- Business
- Yahoo
Payabli secures $28m in Series B funding
Payabli, a payments infrastructure platform serving software firms, has raised $28m in its Series B financing round. This round was led by Fika Ventures and QED Investors, with additional contribution from current investors TTV Capital and Bling Capital. It comes nine months after the company's Series A, bringing the total capital raised to $60m. With the fresh infusion, Payabli plans to continue product development and expand its 3P offering, including Pay In, Pay Out, and Pay Ops capabilities. The company has launched an embedded Spend Management solution, offering branded expense programs with physical and virtual cards, giving platforms full API control and the ability to capture interchange revenue. The company states the recent funding will enable Payabli, headquartered in Florida, to grow its team further. Fika Ventures managing partner TX Zhuo said: 'We've believed in Payabli's vision since day one and have seen Jo and Will consistently exceed expectations as they build the future of embedded payments. Their ability to deliver a full stack, developer first platform that wins in complex, need-to-pay verticals is unmatched.' QED Investors Partner Laura Bock said: 'We initially backed Payabli because we believe deeply in Jo and Will's approach to embedded payments—and they've executed relentlessly. They've built the right platform at exactly the right time, as software platforms become the next major players in payments. With a full-stack offering, rapid product velocity, and strong traction in complex verticals, Payabli has emerged as a category leader. We're excited to double down and support their next phase of growth as they redefine modern payments infrastructure.' The Series B funding builds on Payabli's growth over the past year, highlighted by a sevenfold increase in revenue and the activation of multiple billions in live processing volume, the company release stated. The platform now has over 50,000 merchants and has introduced embedded payments for enterprises in essential payment verticals, alongside multiple new integrations and partnerships. The company aims to enhance its product development with the new funding, focusing on AI-powered features to provide customised customer experiences. Payabli is harnessing the power of AI to streamline operations and enhance customer experiences. The company's first AI-driven support agent, Amigo, is stated to assist software companies with integration, support, and analytics through a chat-based interface. Payabli is also building 'advanced' risk and fraud detection models, leveraging NVIDIA's AI infrastructure to provide tailored risk assessments. "Payabli secures $28m in Series B funding" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
South China Morning Post
05-03-2025
- Business
- South China Morning Post
What you need to know about Hong Kong's new premium taxi fleet
The first batch of 3,500 taxis from five fleets offering premium services will begin operating in Hong Kong later this month, with some fares expected to be more expensive than those charged by existing operators and ride-hailing firms. Advertisement The government hopes the Joie, SynCab, Amigo, Big Boss and Big Bee fleets will 'bring a new look' to an industry that has drawn complaints for poor service and refusal to adopt non-cash payments. The Post compares the five fleets, which will account for nearly 20 per cent of the total number of taxis in the city, in terms of pricing and features. Secretary for Transport and Logistics Mable Chan (third from right) attends the launch ceremony on Monday. Photo: Dickson Lee 1. Which fleet can I use now? Are fares more expensive? Joie, a subsidiary of major taxi firm Tai Wo Management, will begin operating this month with 480 taxis. The other four fleets have until the end of July to launch their services. SynCab started a trial in January with trips to and from border checkpoints, including the airport. At around 6pm on Tuesday its website showed a prepaid ride in a six-seater Maxus Mifa T electric vehicle from Kwun Tong to West Kowloon station cost HK$163 (US$21). Advertisement That was 79 per cent more expensive than the estimated HK$91 fare for a regular taxi booked with FlyTaxi's app. It was also 29 per cent higher than HK$126 for Uber's regular meter taxi order but 12 per cent lower than the HK$186.40 for the priciest Black option.
Yahoo
11-02-2025
- Yahoo
Mules aiding Helene victims in NC killed on road after leaving pasture
Three mules that worked countless hours getting supplies to Helene victims in western North Carolina escaped their pasture over the weekend and were hit and killed on a nearby road, ranch officials said. Supplies arrive by mule in NC as Helene's death toll tops 130 Officials with Mountain Mule Packer Ranch said a tree came down on a pasture fence Saturday night, and Vader, Amigo, and Kev left the pasture and were hit while on the road. 'We could not be more heartbroken over this incredible loss, and it is with great pain that we share it with you, as we know many of you have also fallen in love with these sweet animals,' officials stated in a Facebook post. 'Please pray for us at Mountain Mule Packers and Mission Mules as we cope with this terrible loss while continuing to go forward in their honor. We know that God can comfort us and show us the way going forward.' Mule Packer Ranch is located in Mount Ulla in Rowan County. VIDEO: Supplies arrive by mule in NC
