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SimplyPayMe secures nearly USD 4 mln in growth capital

Friday 18 March 2022 13:24 CET | News

UK-based fintech SimplyPayMe has secured USD 4 mln in funding to finance its product development and expansion in European and North American markets.

Through building relationships with the likes of Mastercard and other partners, SPM has been able to create a fully integrated payment ecosystem, which enables SMEs to run their companies and get paid, all from a single application.

SPM will be working with banks and other institutions globally to allow them to support and bring value to their SMEs with full end-to-end integration. This financial ecosystem will help enable and introduce SMEs around the world to products and services previously only accessible to large companies and corporations, whilst also allowing them to contribute to a global drive for more.

Company officials stated that with new partnerships and with the support of their shareholders, they’re looking forward to diversifying the services/tools SPM offers and establish their position as the go-to platform for SMEs to manage their business while continuing to offer an augmented payments experience.

SimplyPayMe is a global payments company whose mobile based payment and business management solution is specifically designed and engineered to meet the demands of the underserved SME community. The product suite enables seamless payments, invoicing ,and business management solutions, all through one’s smartphone. The mobile app is available via both the Google and Apple app stores.


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Keywords: SMEs, MasterCard, funding, mobile payments, financial inclusion, expansion, spend management
Categories: Payments & Commerce
Companies:
Countries: Europe, North America
This article is part of category

Payments & Commerce