Hands In, a London, UK-based payments startup, raised $550K in funding.
Backers included leaders from companies such as GoCardless, Thredd (formerly GPS), Elavon, FIS, Pay.com, PayU, Curve, and Free Trade.
The company intends to use the funds to accelerate the commercialisation of its group payment services.
Led by Founder and CEO Samuel Flynn, Hands provides group payment services that allow customers to split equally or by item, inviting all group members to transact. Every customer can pay in the group at the same time and no money is taken from anyone in the group until everyone has joined and confirmed their participation. This approach generates incremental sales for the retailer, and reduces e-commerce friction for online paying groups.
Global online travel agencies and airlines have already demonstrated their commitment to Hands In, with several agreements in place, including one with the 4th largest airline in Spain.
FinSMEs
15/05/2023