Surging Cincinnati startup brings in outside investors for first time

Payload Co. logo, smartphones, and a wallet.

A Greater Cincinnati startup financial technology payments company has raised $1.5 million from investors.

The fundraising marks the first investment round of outside money for Blue Ash-based digital payments company Payload, co-founder and CEO Ryan Rybolt told me.

Investors in the $1.5 million round wrapped up in early April mainly consisted of family and friends, along with a couple of “strategic private investors,” Rybolt said. The vast majority of the investors are local.

Payload plans to use the newly raised capital to expand the company and add people, Rybolt told me.

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Story excerpt provided by Cincy Inno.

Written by Steve Watkins.

Originally published April 27, 2022.

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