By Carter Mudgett – Reporter, Jacksonville Business Journal
Jacksonville-based PS27 Ventures will invest $500,000 or more in fintech company Neural Payments, an Ohio-based artificial intelligence financial technology company, the local venture capital firm confirmed to the Business Journal.
PS27 has spent 2025 laser focused on adding artificial intelligence-related companies to its second fund, nicknamed Titan, CEO Jim Stallings said earlier this year. He noted Tuesday that financial technology leader FIS [NYSE: FIS] was a co-investor in this partnership.
“Mick Oppy and his team at Neural Payments have created a high-speed, low-cost model that moves money across networks without having to deploy expensive proprietary apps on both ends of the transaction,” said CEO Jim Stallings in a statement to the Business Journal. “He has years of experience in this space and truly understands how to enable banks to better serve their customers as they move money across borders or across town.”
FIS will act as both a co-investor and partner working with Oppy, Stallings said.
Founded by Oppy, Neural Payments provides banks and credit unions with real-time person-to-person payments, advanced fraud prevention and flexible disbursement solutions, according to its website.
“We do this with our unique payments engine that we built from the ground up,” said Oppy in a statement from PS27. “It is both core and network agnostic, meaning that it can reach every financial institution in the U.S.”
Last year, PS27’s Titan fund invested in over a dozen companies, Stallings told the Business Journal in November. Of those, about 80% were in the artificial intelligence space.
“The good news for us is I think the environment in the United States now is all centered on innovation and growth, and artificial intelligence as an accelerant to that,” Stallings said in January. “We’re right in the middle of that.”