Kupay

Kupay provides a one-click checkout solution for e-commerce platforms, designed to streamline the purchasing process for consumers. The company was founded in 2021 in Madrid, Spain, by CEO Federico Sujoluzky and co-founder Jaf Aguiar. Sujoluzky, an entrepreneur from Argentina, was motivated to create Kupay based on his experiences as a consultant, aiming to solve common pain points in the e-commerce industry.

The company's core product is a platform that allows online shoppers to complete purchases in a single click, eliminating the need to create accounts, remember passwords, or fill out lengthy forms. This is intended to increase conversion rates for online stores by simplifying the checkout experience. For a customer to use the one-click feature, they need to have saved their information with the merchant from a previous purchase. Kupay's system securely stores this data, enabling faster subsequent transactions. The business model targets e-commerce companies, offering them a software solution to improve customer experience and boost sales. Kupay provides its clients with data analytics solutions and supports various payment methods.

Kupay's journey began with initial funding from the founders' personal savings. The company participated in the AllStartup hackathon, where the founding team was formed. A significant milestone was securing a seed funding round of approximately $170,000 on January 11, 2022, with Demium and Lanzadera Accelerator as investors. The first e-commerce implementation of Kupay's solution was with the online store Malferida. On March 28, 2023, Kupay was acquired by Qoala.

Keywords: one-click checkout, e-commerce solutions, payment processing, conversion rate optimization, online retail, checkout platform, SaaS, financial technology, customer experience, shopping cart abandonment, digital payments, Federico Sujoluzky, Jaf Aguiar, Demium, Lanzadera, Madrid startup, e-commerce tools, online payment, secure checkout, customer retention