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PAYZE

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PAYZE

Stripe for former Soviet Union countries

payze.io
HQ: Tbilisi, Tbilisi, Georgia; Tbilisi, Georgia
1-10
Fintech

Company research

Public company, workplace, funding, and market signals

Overview

PAYZE is a Tbilisi-based payment service provider / fintech that offers API and no-code payment infrastructure for online merchants, with a regional focus on Georgia and Uzbekistan (and broader CIS/Caucasus markets). Its public site also states that PAYZE is no longer operating in Georgia and is not onboarding new clients globally.

Primary product

API and no-code payment infrastructure for online merchants

Founded

2019

Headquarters

Tbilisi, Georgia

Team size

1-10

Industry

Financial Services

Sub-industry

Payments / payment infrastructure

Offices

Ilia Chavchavadze Avenue #20, Tbilisi 0102, Georgia (HQ)
Ilia Chavchavadze Avenue 20, Tbilisi 0102, Georgia
Tbilisi, Dushet'is Raioni, Georgia
4 Constitution St, T'bilisi 0112, Georgia
Tashkent, Uzbekistan (operational/hiring location)

Business model

payment service provider
payment gateway
API payments
no-code payments
merchant acquiring
transaction fees
split payments
subscription payments

Funding

Stage

Seed

Total raised

$125K

Latest round

Seed · Feb 2022

People & investors

Leadership

Giorgi Tsurtsumia

Chief Executive Officer & Co-founder

Kakha (Vakhtang) Gelashvili

Co-founder; former Co-Chief Executive Officer

Saba Nakhutsrishvili

Chief Operating Officer; former Chief Financial Officer

Elvira Agisheva

Deputy CEO

Tornike Rostomashvili

Tech Lead

Andro R.

Member Board of Directors

Investors

BYLD Ventures
Class 5 Global
Digital Area
Fox Ventures
Global Founders Fund
Ragnar Sass
Ryan Peterson
Soma Capital
Sturgeon Capital
Visa
Y Combinator
Zaza Pachulia

Work & culture

Mission-driven fintech culture that emphasizes ownership, collaboration, support, learning, and speed; public hiring and team posts describe a close-knit team focused on helping merchants grow across emerging markets.

Compensation

Public job postings mention a competitive salary and benefits package, but no public salary bands, equity ranges, or compensation formula were found.

Benefits

competitive salary
benefits package
continuous training
career development opportunities
collaborative team environment
supportive team environment

Product & market

Pricing

Transaction-based pricing; the public pricing page shows 2.7% + 0.15 per transaction.

Differentiators

  • —Single integration for multiple payment methods and geographies
  • —Regional focus on Georgia, Uzbekistan, and adjacent CIS/Caucasus markets
  • —Supports split payments and subscriptions
  • —API + no-code product mix
  • —Official PSP licensing in Georgia
  • —Shopify and Wix integrations
  • —Supports local rails such as Uzcard/Humo alongside global cards

Technology

Webflow
API-based payments
split payments
subscription payments
card tokenization
PCI compliance
Visa
Mastercard
UnionPay
Cybersource
Intercom
dashboard / merchant portal
Postman API documentation
Apple Pay
Google Pay

Customers

e-commerce merchants
digital businesses
enterprise merchants
Shopify merchants
Wix merchants
merchants in Georgia
merchants in Uzbekistan
companies such as Harvest
companies such as Black Coffee
companies such as Setanta Sports
companies such as Caucasus Auto Import

Competitors

Stripe
Adyen
PayU
Flutterwave
CyberSource
Wirecard
Equiniti

Scale & contact

Estimated revenue

≈$2.3M ARR (public GetLatka estimate, updated 2025-04-10)

Estimated monthly visits

9.5K

Traffic estimate as of Apr 2025

info@payze.ge

Signals & risks

Other

The official website states that PAYZE is no longer operating in Georgia and is not onboarding new clients globally.

Source

Latest news

Payze: Stripe for the former Soviet Union

Realistic Optimist · Aug 2024

Founder interview describing PAYZE as API/no-code payments infrastructure for the region and discussing why the company shifted focus toward Uzbekistan.

Interviewing the YC-backed, ex-Platoon Commander who is building payments infrastructure

Sturgeon Capital · May 2024

Interview with Giorgi Tsurtsumia covering PAYZE’s regional strategy, market opportunity, and investor roster.

Payze Partnered with E-commerce Giants Shopify and Wix.com

iPress · Dec 2022

Covers PAYZE’s partnership with Shopify and Wix and its payment acceptance for merchants in Georgia and Uzbekistan.

Payze Unveils Feature-Rich Payment Platform 'Core'

CBW

Reports on PAYZE’s new 'Core' platform and its emphasis on scalability, PCI compliance, and regional expansion.

Payze Achieves 400% Growth and Expands into New Markets

CBW

Describes PAYZE’s expansion into Kazakhstan and Uzbekistan, 400% growth, and merchant adoption.

Development hubDocumentsFacebook pageFAQGitHub orgLinkedIn companyOfficial websitePricingWork at a Startup jobsY Combinator profile
SourcesOfficial websitePricing pageFAQ pageDevelopment hubPrivacy policyDocumentsLinkedIn company pageGitHub organizationY Combinator company pageFacebook about pageWork at a Startup jobsLinkedIn job posting

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