Startup Business Name: Paybase
Tagline: Paybase – the Payments Platform that transforms your business
Founder/Founders: Anna Tsyupko, Chris Wessels
In a few sentences, tell us what your startup is all about!
For any business that needs to facilitate payments between multiple parties, Paybase can provide a flexible solution which meets their requirements and goes further still. Covering payments, compliance and risk all under one unified API, Paybase is perfect for marketplaces, gig/sharing economy platforms and products with complex payments requirements. Paybase has rapidly achieved industry recognition for revolutionising the world of finance with its next-generation payments technology and is fully licensed as an Electronic Money Institution by the FCA.
When was your startup founded? And what stage is your startup currently at?
Paybase is a growing FinTech based in London, United Kingdom. The company was born in 2016 and the Paybase Platform will graduate from private Beta in early 2018.
Let us know a bit about your team, who are the key team members and what is their role?
Team Paybase is an expert unit comprised of world-leading FinTech talent spanning technology, compliance, operations, sales and more.
The company is led by payments specialist Anna Tsyupko as CEO who in 2017 was nominated as one of PayExpo Europe’s ‘Payments Power 10’. Anna’s co-founder and CTO is respected FinTech entrepreneur Chris Wessels. Other key members of the leadership team include Joe Harlow as Head of Engineering, Danielle Herndon as Head of Compliance/MLRO and Russell West as Head of Partnerships.
If applicable, what is your growth like? And what milestones has your startup achieved so far?
In preparation of the release of V2 of the Paybase Platform, Paybase will continue to iterate its next-generation technology, build on the industry recognition it has already achieved and continue preparing partnerships for our upcoming launch.
Some milestones include: securing an EMI (eMoney Institution) licence from the Financial Conduct Authority (FCA) in 2016, being awarded a grant worth almost £700k from the British Government’s Innovate UK programme and recruiting top high-level talent across multiple departments
Why did you choose this particular idea and concept to build your start-up on?
For a business that needs to facilitate payments between multiple parties, setting up a payment system is incredibly challenging.
Paybase changes this, offering businesses a truly flexible payment system that suits their needs and matches payment experience to user experience. This makes Paybase perfect for marketplaces, gig/sharing economy platforms and products with complex payment requirements. If your business is a marketplace, for example, you need to route payments from your buyers to your sellers. Using the Paybase Platform, these payments can be sent directly from a buyer’s account to a seller’s account, with you as the marketplace automatically taking any percentage you wish.
With the use of our custom built Logic Engine, this percentage can even differ between seller, value of transaction, date and more. This flexibility means that Paybase clients can inject their own business logic into the Platform, adding extra value to their offering.
Paybase allows businesses to focus on their product, as payments, compliance and risk are all covered under one unified API. No multiple integrations, no interruptions – payment processes are seamless and speed to market is unrivalled.
The power of the Paybase Platform, coupled with close contact support from a team with decades of experience, makes Paybase the first choice for any business that wants to easily integrate payments and provide beautiful payments experiences.
Are you looking for funding or are you open to partnership opportunities, and if so, what’s the best way for people to get in contact with you?
Paybase is not seeking funding but is always looking for exciting new partnerships opportunities. Please email email@example.com for more information.
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