PAYZE was founded by Gega Tsurtsumia, Kakha Gelashvili in 2020.

Who are PAYZE's investors?

PAYZE's investors include Shilling VC, Soma Capital, Y Combinator, Class 5 Global, Global Founders Capital, Louis Beryl.

Where is PAYZE headquartered?

PAYZE is headquartered in Tbilisi, GE.

PAYZE

DefunctYC S21

Tbilisi, GE · Founded 2020 · 4 employees · 6 known investors

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PAYZE provides payment processing infrastructure for businesses operating in former Soviet Union countries, enabling them to accept international transactions through a single integration.

Also known as Cleard Systems, Inc.

Fintech B2BGeorgiaMiddle East and North AfricaPartly Remote

Founders & leadership· Y Combinator alumni (S21)

PAYZE was founded in 2020 by Gega Tsurtsumia and Kakha Gelashvili.

Gega Tsurtsumia Founderuntil 2026Gega Tsurtsumia attended the US Naval Academy and worked as an ocean engineer before serving in the Georgian military. He has founded several companies prior to PAYZE.

Kakha Gelashvili Founderuntil 2026Software engineer who left Caucasus School of Technology and previously built and managed software for financial institutions. Founder of PAYZE, which provides payment processing infrastructure for businesses in former Soviet Union countries.

Mariam SanaiaPeople \u0026 Culture Development Team Leaduntil 2026

Investors · 6

Shilling VClisted by Shilling VCLisbon · $100K – $1M

How we know: Shilling VC's portfolio page · Not right? Tell us

Soma Capitallisted by Soma CapitalSacramento · $100K – $300K

How we know: somacap.com · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

Class 5 GlobalreportedNew York

How we know: Y Combinator's founder network · Not right? Tell us

Global Founders CapitalreportedBerlin · $1M

How we know: Y Combinator's founder network · Not right? Tell us

Louis Berylreported

How we know: Y Combinator's founder network · Not right? Tell us

Related companies · 10

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JetloreJetlore was a Palo Alto AI startup that turned unstructured retail product data into structured attributes so merchants could personalise what each shopper saw. Founded by Stanford researchers, it raised from Sierra Ventures, Alsop Louie Partners, Fenox Venture Capital, BRM Capital and Mercury Fund, and PayPal acquired it in 2018.

AlgunaAlguna provides quote-to-cash automation software for revenue teams, connecting CRM, billing, contracts, and collections on a single platform. The tool enables pricing experiments, handles revenue recognition compliance, and supports hybrid go-to-market models with real-time data synchronization.

SplititSplitit provides embedded card-linked installment payments that let consumers split purchases using their existing credit rather than taking on new debt. It serves merchants, consumers, and banks as an alternative to traditional buy-now-pay-later models in the payments ecosystem.

Companies working in the same space as PAYZE.

Legal entities · 1

corporate structure

Cleard Systems, Inc.

Frequently asked questions

What does PAYZE do?: PAYZE provides payment processing infrastructure for businesses operating in former Soviet Union countries, enabling them to accept international transactions through a single integration.
Who founded PAYZE?: PAYZE was founded by Gega Tsurtsumia, Kakha Gelashvili in 2020.
Who are PAYZE's investors?: PAYZE's investors include Shilling VC, Soma Capital, Y Combinator, Class 5 Global, Global Founders Capital, Louis Beryl.
Where is PAYZE headquartered?: PAYZE is headquartered in Tbilisi, GE.