BNP Paribas Securities Services has joined the Proxymity Consortium as part of the extended Series B round.
"We’re delighted to welcome BNP Paribas Securities Services to the Proxymity Consortium. Immediately, this investment enhances our global reach and brings us closer to our vision."
The funding round was led by Tom Brudenell-Bruce to finance growth in Europe and North America.
"We are delighted to have secured such a significant degree of funding to finance the continued global expansion of SimplyPayMe. It is the result of hard work and commercial progress from the Team over the last two years, and we’re immensely proud of the dedication and effort that all our team members have shown to achieve this end."
The seed round was co-led by Fin Capital and 1818 Ventures to accelerate the rollout of its buy now, pay later service.
"Accessing funds for businesses can be a painful, complex and time consuming experience, but we’re here to fix that. Our subscriptions offer clients access to easy, fast and affordable funding to spread their services into manageable payments. We’re helping businesses increase their liquidity and stretch their cash flow further and for longer."
Ontario Teachers led the growth private equity round, which values the consumer finance platform at over £3.5bn.
"We are excited to partner with TIP as we accelerate our expansion across products and markets. Our DNA from day one has been to bring transparency and fairness to consumer finance, and we are proud of the fantastic feedback we consistently receive from our customers. TIP is a global growth investor with a long-term view who can support our ambition to make this giant market work better."
The round was led by Amplo and Ribbit Capital to support the platform launch.
"Unlike our competitors, we are not subsidising costs associated with products and services that our customers have little interest in. It’s a simple pitch – with Atlantic Money all transfers up to £1,000,000 receive the live mid-market currency rate for a flat fixed-fee of £3, delivering savings of up to 99% versus all our competitors."