Pockyt

Pockyt is a financial technology company headquartered in New York, NY, that provides a payment infrastructure designed to facilitate cross-border commerce. Founded in 2017 by Mason Lin, the company aims to connect businesses with a wide array of locally preferred payment methods, thereby simplifying expansion into new international markets. Lin, a Chinese-born American entrepreneur, previously founded and sold one of China's first fintech startups, DangData, before establishing Pockyt. The company's leadership team includes CFO Thomas Martchek and CTO Kai Zhou.

Pockyt's core service is a platform that integrates over 300 local and alternative payment methods, including digital wallets, super apps, and real-time payment networks. This enables businesses, its primary clients, to accept payments from global customers using their preferred local options, both online and in-store. The platform is designed for easy integration through no-code or low-code solutions and features a unified dashboard for managing transactions. Key features include support for both pay-ins and payouts, real-time fraud detection, AML monitoring, and AES-256 encryption to ensure security and compliance. By providing access to numerous payment types like QR-code digital wallets, Pockyt helps merchants increase sales conversions and reduce cart abandonment. The business model generates revenue by charging transaction fees, which it claims can be up to 50% lower than traditional international credit card processing fees.

Since its inception, Pockyt has raised a total of $5.58 million over two seed funding rounds. Investors include BIP Ventures, Candou Ventures, MVB Bank, and Leonis Investment. The company initially focused on integrating major Chinese payment methods in the U.S. and has since expanded to other markets, with plans to enter developing regions like India and Africa. Pockyt targets e-commerce businesses and retailers, including large venues such as airports and sports arenas, and has clients like Zegna, Event Network, and GoCity.

Keywords: cross-border payments, alternative payments, payment infrastructure, fintech, global commerce, digital wallets, e-commerce payments, pay-in, payout, QR code payments, payment gateway, merchant services, international transactions, super apps, real-time payments, payment processing, no-code integration, fraud detection, emerging markets, online payments