LOS ANGELES, CA, PayEngine, a white-label payments-facilitation platform for vertical SaaS companies, has raised $10 million in Series A funding led by Point72 Ventures, a global venture capital strategy. Mucker Capital, BAM Ventures and K5 Global are also participating in the investment.

PayEngine is the unique payments platform designed to help vertical market software vendors maximize payment revenue, eliminate liability and reduce complexity, and own and improve customer experience. With PayEngine's platform, software vendors can set their own rates over interchange, control margins and retain the majority of their profits; eliminate MOR liability and dispute management, PCI/data security and compliance issues; and integrate with APIs, drop-in widgets and customizable UI.