When was Payze founded?

Payze was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Payze located?

Payze is headquartered in Tbilisi, Georgia.

Who is the current CEO of Payze?

Giorgi Tsurtsumia of Payze. They have also founded 1 company.

How many employees does Payze have?

As of May 31, 2026, the latest employee count at Payze is 3.

Is Payze a funded company?

Payze is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Sep 02, 2021.

When was the latest funding round of Payze?

Payze's latest funding was a $***** Seed round on Sep 02, 2021, with participation from 1 investor.

Where does Payze rank among its competitors?

Payze ranks 16th amongst 32 active competitors, of which 6 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was PayU, which secured $35.1M in Jul, 2025.

Who are the top competitors of Payze?

Payze's top competitors include PayU, Flutterwave and First Data. Among them, PayU secured the most recent funding round in July, 2025.

Payze - 2026 Company Profile, Team, Funding & Competitors

Payze is a seed company based in Tbilisi (Georgia), founded in 2019 by Giorgi Tsurtsumia. It operates as a Payment processing solutions for businesses. Payze has raised $125K in funding from Y Combinator. The company has 32 active competitors, including 6 funded and 7 that have exited. Its top competitors include companies like PayU, Flutterwave and First Data.

Company Details

Payment processing solutions for businesses. It features API-based solutions for split payments, recurring payments, email payments, QR payments, and more. It facilitates payments via bank transfers, credit/debit cards, wallets, and more.

Key Metrics

Founded Year

2019

Location

Tbilisi, Georgia

Stage

Seed

Total Funding

$125K in 1 round

Latest Funding Round

Seed, Sep 02, 2021, $*****

Investors

Y Combinator & 3 more

Ranked

16^th among 32 active competitors

Employee Count

3 as on May 31, 2026

Similar Companies

Stripe & 3322 more

View Payze's full profile

Payze has raised a total funding of $125K over 1 round. Its latest funding round was a Seed round on Sep 02, 2021 for $*****. 1 investor participated in its latest round. Payze has 4 institutional investors.

Here is the list of recent funding rounds of Payze:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 02, 2021	9739025	Seed	6897678	8163687	2088050	3137389

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View details of Payze's funding rounds and investors

The founders of Payze is Giorgi Tsurtsumia. Giorgi Tsurtsumia is the CEO of Payze.

Here are the details of Payze's key team members:

Giorgi Tsurtsumia: Co-Founder & Co-CEO of Payze.
Contact Info: 1 email address

View details of Payze's Founder profiles and Board Members

Payze's employee count trend

Payze has 3 employees as of May 26. Here is Payze's employee count trend over the years:

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Top competitors of Payze include PayU, Flutterwave and First Data. Here is the list of Top 10 competitors of Payze, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayU 2002, Amsterdam (Netherlands), Series C	Provider of online payment solutions and financial services for businesses	$35.1M	Naspers, PROSPER & 5 others	84/100
2nd	Flutterwave 2016, San Francisco (United States), Series D	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Tiger Global Management & 71 others	83/100
3rd	First Data 1971, Atlanta (United States), Acquired	Payments processing service provider	-	Owl Capital Group, W Capital Partners & 4 others	63/100
4th	Equiniti 2002, Lancing (United Kingdom), Acquired	Provider of financial technology and payment processing solutions	-	Strategic Equity Capital, Riverside	61/100
5th	UnionPay Intl 2012, Shanghai (China), Funding Raised	Operator of payment network facilitating card and mobile-based transactions	-	SAIF Partners, China Merchants Capital & 11 others	57/100
6th	CyberSource 1994, Foster City (United States), Acquired	Platform offering E-Commerce payment management	-	Batterson Venture Capital, VCapital & 1 others	56/100
7th	Worldline 1972, Paris (France), Public	Provider of payment processing solutions for merchants and financial institutions	-	Credit Agricole, Europa	56/100
8th	AzRy 2004, Tbilisi (Georgia), Unfunded	Provider of app-based diversified payment solutions for businesses	-	-	49/100
9th	Paysley 2005, Los Angeles (United States), Acquired	Non-card based payment processing solutions for businesses	-	-	43/100
10th	SafeCharge 2006, Ramat Gan (Israel), Acquired	Comprehensive payment solution provider	-	Globe Invest	38/100
16th	Payze 2019, Tbilisi (Georgia), Seed	Payment processing solutions for businesses	$125K	Shilling, Y Combinator & 2 others	30/100