Paysme is currently partnering with worldwide payment providers including Barclays, Railsbank, TOQIO, Bambora, and Cybersource to deliver a combination of mobile payments, e-commerce, digital banking, accounting, lending, and insurance services in a single app.
Its platform already powers financial services for over 3,000 small businesses to help their digital transformations.
Paysme’s services are personalised for specific industry channels and the company is working with a range of enterprises across the UK and Ireland, such as:
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Proceeds from Paysme’s fundraising will be used to continue enhancing and expanding its services to support over 1.3m companies across the Ireland and the UK.
Derek Stewart, Paysme’s Founder and CEO, commented: “Paysme is at the core of the circular economy, championing the needs of local businesses and the communities they serve. These companies are the beating heart of our high streets and have been decimated by the pandemic – with almost 30% of all small businesses closing for good.
"Our mission is to bring the high street and local communities back to life by giving them easy access to embedded digital financial services and reinvesting capital back into small independent operators through a customer ownership business model.
“The Paysme platform hosts everything a small business needs to run its business in the digital economy in an integrated, easy, and cost-effective way with one point of personal contact from a team with a deep understanding of their industry," he continued.
"It eliminates the need to use a multitude of different unconnected suppliers for mobile payments, e-commerce, digital banking and administrative tools saving SMEs time, money and stress, and solving sector fragmentation and relationship marketing.”
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