KodyPay is a mobile payment application that allows users to pay for goods via their mobile phone, making it a quick and easy process.
KodyPay enables 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.
KodyPay was founded in 2018 by Yao-Yun (Yoyo) Chang and Jack Howell. The company is headquartered in York, Yorkshire, United Kingdom.
KodyPay fully integrates the payment ecosystem. The mobile point of sale platform and payment aggregator lets businesses to easily carry out electronic transactions and accept multiple different payment methods.
KodyPay removes the need for bulk hardware such as receipt printers, thereby reducing the cost for businesses. Currently, KodyPay’s platform connects thousands of customers with outlets across the UK and is expanding further.
KodyPay works with Visa, MasterCard and IBM, and has signed up with other large multinational partners including Checkout.com, Elavon, Laybuy, Nuapay and the University of York, to accelerate growth.
KodyPay is backed by Cognition Foundry, Hank Uberoi (Former Executive Chairman/CEO, Earthport PLC), Paul Rippon (Co-Founder, Monzo Bank), and others. The company raised an additional $3.25M (£2.35M) in Seed financing on Jul 13, 2021. This brings KodyPay's total funding to £4.15M ($5.6M) to date.