Pomelo Pay, a London, UK-based digital payments startup, secured £2.1m in seed funding.
The round was led by Force Over Mass.
The company intends to use the funds to grow its offering, expand its team and build on its international reach, which includes offices in London and Singapore, with an expanded presence in countries across Europe and Asia.
Led by Vincent Choi, CEO and Co-Founder, Pomelo Pay is a hardware-free digital payment service provider for businesses – from independent start-ups to multinationals – to take digital payments.
The system allows businesses to take payments from anyone, in any location (physical or digital), at a low cost and without the need for hardware. Its offer, which combines the latest QR code, API and NFC technology, provides a flexible payment solution for a broad range of payment options including in-person payments, payment links, online shops, contactless table ordering and menu makers.
Pomelo Pay serves companies across a multitude of sectors, including construction and trades, food and drink and travel and hospitality.
In September, the company was selected to join Tech Nation’s Fintech 3.0, a growth programme for the best and brightest UK fintechs.
FinSMEs
01/12/2020