SimplyPayMe raises £3m Series A investment for international expansion and product development.
The funding round was led by Tom Brudenell-Bruce to finance growth in Europe and North America.
SimplyPayMe provides a mobile payments and business management platform designed for small and medium enterprises. The application enables users to handle invoicing, payments, and administrative tasks from a single device.
SimplyPayMe has secured £3m in a Series A funding round to support its expansion across European and North American markets. The capital will also be deployed to develop further business management tools for its user base.
The company has established integrations with major financial partners including Mastercard, Paysafe, and DNA Payments to build an integrated payment ecosystem for sole traders and small enterprises.
From the founder
"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."
Kent Vorland
CEO at SimplyPayMe
Investor perspective
"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."
Tom Brudenell-Bruce
Lead Investor, Tom Brudenell-Bruce
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
SimplyPayMe
SimplyPayMe provides mobile payments and business management tools for small enterprises.