Fundz

Link Raises $30M To Help Merchants Accept Direct Bank Payments

PRIVATEJan 19, 2023

Amount Raised

$30 Million

Round Type

Funding Round

LondonFinancial ServicesFintechLending

Investors

TigerValarShutterstock Co Founder And Ceo Jon OringeQuiet CapitalPareto HoldingsAmploTiger GlobalValar Ventures

Description

People are addicted to credit cards —  and it’s no wonder, given the lucrative rewards that many of them offer. But for merchants, credit cards tend to be less appealing. That’s because they’re on the hook for interchange fees, or transaction fees a merchant’s bank must pay whenever a customer uses a card to make a purchase. Some interchange fees can exceed 3%.

Quick answer

Link Pay raised $30 Million in a Funding Round round, dated January 19, 2023. Investors: Tiger, Valar, Shutterstock Co Founder And Ceo Jon Oringe, Quiet Capital, Pareto Holdings, Amplo, Tiger Global and Valar Ventures. Link Pay is based in London, Ontario, Canada.

How much did Link Pay raise?
Link Pay raised $30 Million in a Funding Round round on January 19, 2023.
Who invested in Link Pay?
Tiger, Valar, Shutterstock Co Founder And Ceo Jon Oringe, Quiet Capital, Pareto Holdings, Amplo, Tiger Global and Valar Ventures are named as investors in this round.
What does Link Pay do?
At LinkPay we are passionate about using technology to make banking more accessible and cost effective for businesses.
Where is Link Pay based and how big is it?
Link Pay is based in London, Ontario, Canada.

Source: Fundz verified event record.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as Link Pay that raised within 45 days of this round, from Fundz verified event records.

  • Instant Factoring raised $639K (Seed) on March 5, 2023.
  • Term Labs raised $2.5M (Seed) on February 28, 2023.
  • DirectID raised $9.6M (Funding Round) on February 22, 2023.
  • Grupago raised $3.1M (Seed) on February 22, 2023.
  • Montecito Medical Real Estate raised $50M (Funding Round) on February 21, 2023.
  • Mintoak raised $20M (Funding Round) on February 21, 2023.

Who to call at Link Pay, and when

A new round usually means Link Pay is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Link Pay raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Link Pay, from your own LinkedIn network

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Company Information

Company

Link Pay

Location

London, Ontario, Canada

About

At LinkPay we are passionate about using technology to make banking more accessible and cost effective for businesses. LinkPay was founded by Rob Sturgess, who has 30 years of experience in the FinTech industry. He started his career writing banking software for some of the leading financial institutions including the London Stock Exchange, RBS and DKB. He then founded Red C – a mobile development agency where he oversaw the creation of multiple financial app projects. Rob is now a Director at Salt Studio, which has ongoing clients that include a Swiss bank and a German FinTech startup. In early 2021 Rob set about putting together a fantastic core LinkPay team – who are extremely excited about taking LinkPay to the next level.

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Fundz sees it the moment Link Pay raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Link Pay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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