VibePay, a London, United Kingdom-based real-time payment and data platform provider, secured an additional £5m in funding.
Backers included existing investors such as Nick Candy.
The company, which has raised £12m in total funding, intends to use the funds to expand operations and its business reach.
Led by Luke Massie, Founder & CEO, VibePay provides a real-time payment and data system regulated by the FCA. Through its Channels feature, the platform connects all the moving parts, allowing users to send and receive money in real time, message, and share media—creating a connected environment for conversational commerce, banking, and more. The feature links brands and financial institutions to engaged users who are primed to transact.
The company has also announced the appointment of Conor Tiernan, a former Klarna executive, as its new Head of Insights. Conor, who played a pivotal role in launching Klarna’s Kosma and later led the company’s Open Banking efforts, will lead sales and partnerships for its insights platform.
Launching later in 2024, VibePay Insights provides brands and businesses with the opportunity to reach new customers based on their transactional activity, using its AI assistant to identify trends and consumer spending behaviours. This data can then be actioned either directly in the VibePay eco-system or export offline for use elsewhere.
FinSMEs
04/11/2024