Focalpay
Focalpay is a cloud-native modular commerce platform founded in 2021 and headquartered in Stockholm, designed to revolutionize retail and payments by merging checkout, payment, and backoffice operations into a single seamless ecosystem. The platform offers a universal basket accessible across multiple shopping contexts (in-store, e-commerce, self-service) and integrates AI-enabled backoffice tools for real-time updates, analytics, and automation. Its unique Payment Management Service and Payment Initiation Gateway enable merchants to manage all payment methods easily and offer account-to-account payments, reducing transaction fees and emissions. Focalpay's microservice architecture ensures rapid innovation delivery, security by design with encryption and PKI, and sustainability through reduced hardware and energy consumption. The company targets retailers seeking to innovate and optimize profitability with scalable, flexible, and secure retail technology.
Focalpay
Focalpay is a cloud-native modular commerce platform founded in 2021 and headquartered in Stockholm, designed to revolutionize retail and payments by merging checkout, payment, and backoffice operations into a single seamless ecosystem. The platform offers a universal basket accessible across multiple shopping contexts (in-store, e-commerce, self-service) and integrates AI-enabled backoffice tools for real-time updates, analytics, and automation. Its unique Payment Management Service and Payment Initiation Gateway enable merchants to manage all payment methods easily and offer account-to-account payments, reducing transaction fees and emissions. Focalpay's microservice architecture ensures rapid innovation delivery, security by design with encryption and PKI, and sustainability through reduced hardware and energy consumption. The company targets retailers seeking to innovate and optimize profitability with scalable, flexible, and secure retail technology.
TL;DR
What they do: Cloud-native AI-enabled commerce platform that unifies checkout, payments and backoffice for retailers
Founded / HQ: 2021 · Stockholm, Sweden
Founders / leadership: Co‑founders & executives: Birkir Veigarsson (CEO) and Morteza Kalhour (CTO)
Funding: Seed (Mar 22, 2023) — ~SEK 15.0m (reported), lead investor SKEL
Team size (reported): 7 employees (reported)
Company Overview
Problem Domain
Retail commerce infrastructure and payments — reducing complexity and costs of checkout, payment orchestration and backoffice operations for merchants.
Founded
2021
Industry
Fintech / Commerce Platform
Tech Stack
Funding Track Record
SEK 15,000,000
Reported equivalence ~ $1.4M
Investor Signal
“Seed round led by SKEL (reported as lead and sole investor for the round)”