Payment Labs, a California-based fintech startup, has raised $3.25 million in an oversubscribed seed round to expand its smart payout infrastructure for the esports, sports, and creator economy.
The round was led by Aperture Venture Capital, with additional backing from Capital Eleven, ESPMX, and other strategic investors. The fresh funding will go toward enhancing their API-based platform that simplifies royalty payouts, prize distributions, and multi-currency revenue sharing—specifically designed for highly regulated global sectors.
Founded in 2020, Payment Labs has already processed over $50 million in transactions across 180+ countries and 150+ currencies. Their platform offers secure, automated, and compliant payment workflows tailored for tournaments, leagues, and events that involve a high volume of recipients.
Esports taught us how to handle global, complex payments with hundreds of recipients
Han Park, CEO of Payment Labs
To support growth, the company has also brought on Paul Brewer as Executive Vice President of Sales and Sports Partnerships. Brewer brings over 20 years of experience in traditional sports and esports, including a tenure at ESL.
