UK FinTech Paysme Launches £1 Million Funding Round

Paysme, a super app powering fintech for underserved SME communities transitioning to the digital economy, announced that it has rolled out a £1 million funding round on the private capital platform Globacap, so as to extend the footprints for its B2B Super App, which is unprecedented in Europe.

Reportedly, Paysme plans to use the upcoming funding to further enhance and expand its financial services to support over 1.3 million companies across the UK and Ireland.

The fintech aims 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. 

“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 per cent of all small businesses closing for good, ” Derek Stewart, Paysme’s Founder and CEO, commented.