The world of finance is ever-evolving, with an array of innovative startups that are disrupting the traditional banking model with unique solutions for businesses and consumers alike. Among these, the last decade has seen a surge in payment startups that look to revolutionise how we conduct financial transactions. Today, we shine a light on England’s shining beacons in the payments industry, and what makes them stand out from the crowd.
The alternate payment sector has been key to making financial services more inclusive and efficient. Right from customer-centric alternate payment methods and card payment solutions, to direct debit services and peer-to-peer lending platforms, these companies unlock the potential of payments technology. Offering such services as mobile banking, money remittance services and even onboarding solutions, these startups and companies are nontraditional solutions to our increasingly digital lives.
Today, we’ll take a closer look at these exciting payments startups and companies from England. Let’s delve in and see what they bring to the table.
Goldbck
Goldbck hails from diverse industries including Consumer Goods, Debit Cards, Digital Marketing, Financial Services, Hospitality and Payments. Founded by Rana Mukherji, Goldbck offers customers an alternate payment method powered by gold-backed rewards and pooled big data infrastructure. Its range of services is vast, showcasing a strong belief in consumer-centric solutions – an innovative approach to the modern payment landscape.
Dojo
The financial technology company, Dojo, founded by George Karibian and Jan Farrarons, offers card payment solutions for small and medium-sized businesses in the UK and Ireland, aiming at mobilising the mass of rapidly growing businesses in need of efficient payment solutions.
Raylo
Raylo, founded by Jinden Badesha, Karl Gilbert, and Richard Fulton deploys leased phones, tablets, and laptops to customers. This brings the potentially high-cost items within the grasp of ordinary consumers, utilising the potential of mobile apps and mobile payments.
GoCardless
GoCardless, an inventive startup founded by Hiroki Takeuchi, Matt Robinson, and Tom Blomfield, offers an easy way for everyone to collect payments by direct debit. Smoothing out the potentially complex process, GoCardless is another testimony to the innovative tide in the payments landscape.
Lendable
Lendable, the brainchild of Jakob Schwarz, Martin Kissinger, and Paul Pamment, is a peer-to-peer lending platform providing instant paperless loans, thus, making financial assistance more streamlined, efficient and instantaneous.
Revolut
Revolut, created by Nikolay Storonsky and Vlad Yatsenko, specialises in mobile banking, card payments, money remittance, and foreign exchange. By integrating a wide array of financial services, it reiterates the potential of fintech innovation in reshaping banking.
Zepz
Created by Catherine Wines, Richard Igoe, and Wjjss jaha Khan, Zepz is a money transfer service helping migrants send money all over the world. It stands to alleviate financial stress for migrants, a category often underserved by the traditional banking sector.
Detected
Detected addresses the need for frictionless onboarding. Fintech furthering the cause of efficient and seamless financial interactions, Liam Chennells’ Detected changes the way businesses start.
Upstream
Founded by Alex Vratskides, Marco Veremis, and Nikos Iatropoulos, Upstream empowers businesses with their mobile marketing technology focusing on mobile commerce in high-growth markets.
Token.io
Token.io’s A2A payment infrastructure leverages open banking to power the ‘Pay by Bank’ solutions for a blue-chip portfolio of payments companies, including HSBC, Mastercard, BNP Paribas, ACI Worldwide, Computop, Nuvei, Global Payments and Paysafe.
Modulr
Modulr, the fintech brainchild of Cyrus Wadia, Jakub Zmuda, and Kevin Hayes, provides a payments as a service API for digital businesses.
Paysafe
Paysafe provides a range of payment solutions for businesses and consumers. It offers a diverse yet consolidated approach to digital financial transactions.
Goodlord
Goodlord was founded by Philip Mundy, Richard White, and Tom Mundy with the aim of providing a cloud-based software to help estate agents, landlords, and tenants manage the rental process, highlighting their focus on making property transactions more seamless and efficient.
Hokodo
Fintech startup Hokodo founded by Louis Carbonnier, Richard Thornton, and Sami Ben Hatit, provides a ‘buy now, pay later’ solution for e-commerce and B2B merchants, innovating the e-commerce realm.
Atlantic Money
Founded by Neeraj Baid and Patrick Kavanagh, Atlantic Money offers an incredibly user-friendly way to send money abroad at a live exchange rate for just a flat £/€3 fee, simplifying international transactions for users worldwide.
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