Arbor Ventures, a venture capital firm, led a $34m Series A funding round in Pagos, a payment infrastructure for commerce, with participation from Infinity Ventures, Underscore VC and Point 72 Ventures. “Payment processing is fundamental to customer relationships, revenue and a business’s bottom line, but is getting more and more complex to manage well. Most companies don’t have the tools, data, or knowledge to develop or execute on an effective payment strategy; even those that do often leave significant opportunities on the table. Pagos was founded on the principle that almost all companies need help to be more data driven around their payment execution,” Klas Bäck, Pagos Co-Founder.