VibePay Secures £5 Million to Expand Payment Platform
VibePay, an innovative real-time payment and data platform provider based in London, United Kingdom, has successfully secured an additional £5 million in funding to bolster its operations. The financial backing comes from several prominent investors, including existing supporter Nick Candy, who have recognized the potential of this burgeoning platform. With a total of £12 million raised so far, VibePay is poised to leverage this new influx of capital to expand its operational capabilities and grow its market reach. This funding opportunity marks a significant milestone for the company as it continues to establish itself in the competitive financial technology sector.
At the helm of VibePay is Founder and CEO Luke Massie, who has been instrumental in developing a cutting-edge real-time payment and data system that operates under the regulation of the Financial Conduct Authority (FCA).
One of the standout features of the platform is its Channels function, which seamlessly links diverse elements of the payment process. This connectivity enables users to both send and receive funds instantaneously while also having the ability to message and share multimedia content. The creation of such an integrated environment not only enhances conversational commerce but also offers a unique banking experience, making it easier for users to engage in financial transactions. The structure of the platform allows brands and financial institutions to connect with proactive users who are prepared to make purchases.
In a bid to strengthen its leadership team, VibePay has recently appointed Conor Tiernan, a seasoned professional with a robust background from Klarna, as its new Head of Insights. Conor's experience includes playing a key role in the successful launch of Klarna's Kosma and directing the company's Open Banking initiatives. As the Head of Insights, Conor will spearhead sales and partnerships for VibePay’s new insights platform, which is scheduled to launch later in 2024. This was timely development will offer brands and businesses the tools to engage new customers by analyzing their transactional behaviors through the platform's AI capabilities. Users will be able to harness this data to make informed decisions within the VibePay ecosystem or export it for offline applications, further enriching the options available to business owners in understanding consumer trends.
Click here for a full list of 6,908+ startup investors in the UK