• Paysme launches £1 million funding round on Globacap platform  • Paysme is a single platform that delivers FinTech services such as mobile payments, e commerce, digital banking, accounting, lending and insurance via a Super App • Paysme is designed to support the UK’s six million underserved SME companies 

Paysme, a new FinTech platform for small businesses, has today launched its £1 million funding round on the private capital platform Globacap to expand Europe’s first-ever business-to-business Super App. 

Paysme is already partnering with significant 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 FinTech platform currently powers financial services for over 3,000  underserved small businesses to accelerate their transition to the digital economy. 

Paysme’s services are personalised for specific industry channels and the Company is  working across a range of traditional enterprises that are part of the history and fabric of  the UK’s local communities such as: 

• Fanslive - digitising football and rugby matchday experiences 

• Marketti - creating an online shopping community for the high street traders • Cab:app - a national taxi booking app for iconic black cabs and licensed taxis with  professional drivers in more than 50 locations across the UK and Ireland 

Proceeds from Paysme’s fundraising will be used to continue enhancing and expanding its services to support over 1.3 million companies across the UK and Ireland with untapped  potential due to insufficient digital infrastructures. This represents a marketplace of almost  six million businesses in the UK and Ireland with a value of £111 billion, and a further 25  million small businesses across Europe. The funding round on the Globacap platform can  be accessed directly from the following link or indirectly via the Paysme website 

(https://www.paysme.co.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 per cent 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. 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.”