SimplyPayMe has netted $4m in funding as it seeks to expand in European and North American markets.
The FinTech company has created a fully integrated payment ecosystem that lets small businesses run their companies and get paid through a single location. Through integrations with Paysafe and DNA Payments, its app can serve SMEs on both sides of the Atlantic.
It will work with banks and other financial institutions around the world to better support and bring value to their SMEs with end-to-end integration.
The company offers a payment, invoicing and business management services. These features include quotes, invoices, project management, reporting, analytics, paperwork customisation, in-person payments, over the phone transactions,
Speaking on the funding round, SimplyPayMe CEO, Kent Vorland said, “2021 was a strong year for SimplyPayMe and we have already managed to hit the ground running in 2022 with new and important partnerships, and with the continued support of our shareholders, we’re looking forward to diversifying the services/tools we offer our customers and establish our position as the go-to platform for SMEs to manage their business while continuing to offer a best-in-class payments experience.”
Tom Brudenell-Bruce, the lead investor of the round, said, ‘I see huge potential in SimplyPayMe, their achievements over the past year speak for themselves and instil confidence in not only the team at SimplyPayMe, but in their vision.
“The SME business management and payments space is one that SimplyPayMe is conquering and making a name for themselves within, and I’m enthusiastic about their expansion into new sectors. I’m looking forward to seeing what the future holds.’
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