Instant Payment Fintech Lopay Loads £6M Funding, Takes On Sumup And More With Uniquely Low Fees
Amount Raised
£6 Million
Round Type
Funding Round
LondonFinancial ServicesPaymentsFintechDescription
Despite a global decline of nearly 50% in VC funding for the initial half of 2023, European startups faced a substantial 69% decrease. However, breaking this trend, Lopay, a London-based fintech specialising in instant payments, has managed to secure a substantial £6 million in seed funding within just 18 months since its inception. The funding was provided by notable investors such as London-based VC firm BACKED (previously invested in Footium, Meatable and more), Portage, The Venture Collective, and a group of prominent angel investors. As per the company’s press release, its competitive pricing has saved merchants more than £1 million in card fees
Quick answer
Lopay raised £6 Million in a Funding Round round, dated October 12, 2023. Lopay is based in London, England, United Kingdom.
- How much did Lopay raise?
- Lopay raised £6 Million in a Funding Round round on October 12, 2023.
- What does Lopay do?
- With Lopay you choose when you get paid, and keep more of the money you earn.
- Where is Lopay based and how big is it?
- Lopay is based in London, England, United Kingdom.
- Who are the decision-makers at Lopay?
- Fundz holds 1 contact at Lopay. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Payments around the same time
Companies in the same sectors as Lopay that raised within 45 days of this round, from Fundz verified event records.
- Peloton Technologies raised $1.6M (Seed) on November 23, 2023.
- Indy raised $44M (Funding Round) on November 21, 2023.
- AppBrilliance, Inc. raised an undisclosed amount (Corporate Round) on November 20, 2023.
- Blankfactor raised an undisclosed amount on November 20, 2023.
- Silverflow raised $16M on November 16, 2023.
- Triple-A raised an undisclosed amount (Funding Round) on October 25, 2023.
Who to call at Lopay, and when
A new round usually means Lopay is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Lopay raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lopay, from your own LinkedIn network
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Fundz sees it the moment Lopay raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Lopay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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