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Preauth reserves customer funds to guarantee payment for services.
Preauth provides a service that reserves funds on customer credit cards to help businesses secure payment. It serves sectors including hospitality, travel, rentals, and healthcare, primarily in Latin America. Founded in 2021, the company is based in Delaware, US. In March 2022, it raised USD 800,000 in pre-seed funding from Alaya Capital and 500 Startups.
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