FUND

Sturgeon Emerging Opportunities LP

Executive summary

Payze is building the "Stripe for the former Soviet Union," a region where it is still difficult for merchants to accept both international payment cards and local alternatives online. Payze is a Payment Facilitator that provides a single solution to accept all card payments and distribute these as necessary, serving companies domestically and regionally. Sturgeon invested in Payze’s seed round in Q3 2021 and acquired additional shares from a founding employee through a buyout in Q4 2021.

Company Information

COMPANY NAME

Payze

WEBSITE

payze.io

Geography

Uzbekistan

founder(s)

Giorgi Tsurtsumia & Kakha Gelashvili

Co-investors

Y Combinator, Global Founders Capital, Rocket Capital, Shilling Ventures, Greg Kidd, Alan Routledge, & Ryan Petersen

Asset Strategy

Fintech (Payments)