‘It represents validation’: Greater Cincinnati fintech closes $2M seed round

A Greater Cincinnati fintech on a mission to make payments more inclusive for families has closed a $2 million seed round that will help it grow its team and further develop its platform.

Pay Theory, which is based in Evendale, closed a $2 million seed round led by Zeal Capital Partners, a Washington, D.C.-based venture capital firm, officials said Friday. Additional new investors include St. Louis-based SixThirty, the Ohio Impact Fund, Gaingels and Sica Ventures, a Columbus-based early stage investment company.

Pay Theory also received follow-on investments from California-based Double Eagle Venture Partners, Loud Capital in Columbus and other angels.

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Story excerpt provided by Cincy Inno.

Written by Liz Engel.

Originally published February 4, 2022.