Felix Payment Systems Ltd. is pleased to announce the closure of its seed financing round with a group of strategic private equity investors.

The international law firm, Dentons, assisted the investment round. Proceeds from the financing will support Felix in new employee hiring and bolstering our commercial go-to-market activities.

“The team at Felix is excited to continue our journey bringing both innovative and secure payments solutions to market” – Owen Newport, Chief Executive Officer.

Felix has developed the world’s first “cloud EMV payment platform” to enable the rapid deployment of EMV payment solutions across multiple channels, including traditional point of sale devices, kiosks, ATMs, vending, consumer devices, eCommerce, and other card-not-present payment environments.

Previously EMV payment verification methods like Chip & PIN have only been available on dedicated point of sale terminals. Felix promises to disrupt this model by bringing EMV payment acceptance and authentication to the cloud.

Our proprietary cloud-based EMV Kernel and payment infrastructure promise to be a game-changer, enabling retail grade EMV payments on connected devices and throughout the broader IoT and smart device ecosystem. Including contactless NFC, biometric, and PIN-based EMV transactions.

Felix has engaged with over 100 strategic partners and enterprises across North America and Europe. These funds will support our clients in moving from pilot projects to full commercial deployment.