Spanish fintech Uelz Pay raises €800k to make payment processes faster and frictionless

Uelz allows any company to manage and automate the payments of its users easily, securely and without the need for technical knowledge. It avoids receipts, heavy bureaucracy and bank fees for refunds. Its intention is to be the bridge to automate, route and process any type of payment with any payment gateway, so that companies can operate efficiently anywhere in the world without technical barriers. Here are details of Uelz’s latest funding round :

🚀 Launch

2022

🏭 Industry

Financial services

🧠Management

Maria Luke (Founder), Xandra Etxabe (CoFounder & COO)

💸 Funding & Investors

INVESTMENT (October 2023)€800,000
INVESTORS (October 2023)Angels Capital,TheVentureCity, Wayra, Telefónica’s open innovation initiative, Core Angels, Ivan Peña’s Uhaldia investments investment vehicle, and several fintech business angels, like David Lozano and Alex Saiz from Monei.

🎯 Funding purpose

Growth

🌐 Country HQ

Spain (Valencia)

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