Digital payments startup Pomelo Pay has bagged £2.1m in its seed funding round, which was led by Force Over Mass.
Capital from the round will help Pomelo to deepen its platform and better help businesses navigate the current market. Pomelo will also use the funds to expand its growing team and expand its international reach across Europe and Asia.
Founded in 2017, the company enables businesses to take payments from anyone, both digital and physical, without the need of hardware. Its offerings leverage QR code, API and NFC technology to support a range of payment options including in-person payments, payment links, online shops, contactless table ordering and menu makers.
The FinTech claims to have seen significant demand this year, with an average month-on-month growth of 25%.
Pomelo Pay CEO and co-founder Vincent Choi said, “We appreciate from our diverse client base that it has been a challenging year for businesses across a huge range of sectors. We are therefore very proud to have been able to provide our customers with a selection of low-cost and user-friendly tools that make their lives easier. Whether that’s using phones to take payments, creating online shops, or sending payment links for jobs completed, we help to lighten the load.
“The investment we have just secured will help us to expand our operations; shaking up the payments world by removing financial admin headaches for growing businesses and allowing them to focus on what they do best.”
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