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§ Private Profile · Chicago, IL, USA
A pay-by-bank payments platform providing direct bank transfer solutions for businesses, specializing in regulated industries like gaming.
Chicago-based Aeropay provides account-to-account payment processing solutions that enable businesses to accept direct bank transfers instead of utilizing traditional credit card networks. The financial technology company processes over $1 billion in annualized payment volume through its proprietary Aerosync bank aggregator platform, which reached cash-flow profitability in the fourth quarter of 2023. While initially focused on small brick-and-mortar merchants, the platform now generates approximately eighty percent of its revenue from the online gaming sector and highly regulated industries like cannabis. Aeropay serves major enterprise customers such as PrizePicks and maintains strategic software integrations with industry-specific point-of-sale platforms including Dutchie and Jane Technologies. The enterprise has raised $35 million in total funding, highlighted by a $20 million Series B financing round led by Group 11 with participation from Chicago Ventures. Aeropay was founded in 2017 by Daniel Muller.
Aeropay has raised $25.0M across 2 funding rounds.
Aeropay has raised $25.0M in total across 2 funding rounds.
Aeropay has raised $25.0M across 2 funding rounds. Most recently, it raised $20.0M Series B in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 16, 2024 | $20M Series B | Dovi Frances | Chicago Ventures, Continental Investors, Stuart Larkins | Announced |
| Mar 8, 2021 | $5M Venture Round | Chicago Ventures | Continental Investors | Announced |
Aeropay has raised $25.0M in total across 2 funding rounds.
Aeropay's investors include Dovi Frances, Chicago Ventures, Continental Investors, Stuart Larkins.