KodyPay secures £1.8 million from Cognition Foundry and Hank Uberoi

United Kingdom United States Investments 14 September 2020
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KodyPay, a York, UK-based developer of a mobile point of sale app and payment aggregator, announced raising £1.8 million ($2.3M) in capital funding.

The financing was raised by UK investors led by Cognition Foundry and Hank Uberoi, together with a group of angel investors, mostly former members of senior management from Legal and General, Verifone and HP.

Post financing, Hank Uberoi will lead KodyPay's board of directors as chairman.

KodyPay, founded in 2018 by CEO Yoyo Chang and Jack Howell, built a mobile point of sale platform and payment aggregator, enabling businesses to perform all the necessary actions to carry out a standard electronic transaction and accept a multitude of different payment methods using a web and app-based technology platform.