Cross-Border Payment and International Money Transfer Processor Payall Closes $10 Million Seed Round Led by a16z

Payall, a bank processor for cross-border payments and international money transfers, closed a $10 million seed round led by a16z with participation from existing investors Motivate VC, PS27 Ventures, Bridgeport Partners, and others. Founded in 2018, Payall combines the disciplines of payment processing, banktech and regtech to provide cross-border payment solutions for financial institutions.