Open banking is powering technological innovations that help SMEs reduce the impact of late payment of invoices.
Based out of London, Coupay is one such startup that leverages open banking and user insights to help small businesses get from sales to cash faster.
Raised £200K
The company recently secured £200K funding in a pre-seed round from early-stage VC SFC Capital and leading tech founders and angels, including serial entrepreneur Will Wynne of Smart Pension, Arena Flowers, and Trulience.
The proceeds will go towards expanding the team, developing the product, and fuel its marketing efforts to help hundreds of thousands of small businesses raise smart invoices and get their cash in faster.
Aims to help SMEs
Founded by Ravi Jakhodia and Karuna Govind, Coupay’s mission is to help small businesses get from sales to cash faster.
The UK fintech startup delivers a low-cost, hugely scalable invoicing and payments platform through which businesses can send ‘Smart Invoices’ that allow their customers to pay them by bank transfer in just a few quick taps on their…
