KodyPay, led by 20-Year-old Co-Founder and CEO Yao-Yun (Yoyo) Chang, has raised a £1.8 million seed round.
Leading the financing was Cognition Foundry and Hank Uberoi, alongside a group of high-profile private investors.
These include former members of senior management from Legal and General, Verifone and HP.
KodyPay is a new mobile point of sale app and payment aggregator. Its technology allows users to pay for goods in-store without queueing.
The platform enables businesses to perform all the necessary actions to carry out a standard electronic transaction and accept a multitude of different payment methods using a web and app-based technology platform.
Who is Yoyo Chang
At only 20 years old, CEO Yoyo Chang co-founded KodyPay in the final year of High School.
Hoping to build a career in investment banking, Chang had started to invest in the stock market at the age of 13.
With returns of over 80% in Q4 2016, he led his school team to first place in a national investment competition.
However, in 2018, Chang first made a foray into the payments industry by self-investing £120,000 to start up KodyPay.
Chang is currently working alongside co-founder Jack Howell whilst studying at the University of York.