Payaut
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Payaut was an Amsterdam fintech founded in late 2019 by payment veterans Ernst van Niekerk and Gillis Haasnoot (ex-Adyen). It built an automated payment solution for online platforms and marketplaces — split payments, seller KYC verification, balance management and multi-PSP routing (Adyen, Stripe, Mollie) — and acted as a licensed virtual payment institute so marketplaces could comply with PSD2 without obtaining their own license from the Dutch central bank (DNB), which it received in July 2021.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Ernst van Niekerk and Gillis Haasnoot found Payaut in Amsterdam to automate marketplace payments.
- Seed funding and expansion
Payaut raises €8 million in a seed round led by Gradient Ventures (Google's AI fund) and rolls out a multi-currency platform across Europe.
- Acquired by Nuvei
Canadian fintech Nuvei acquires Payaut; the Amsterdam company is merged into Nuvei Group with van Niekerk staying on as CEO of Payaut, Nuvei Group.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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