Which Are London’s Most Influential Payments Startups Transforming Fintech in 2023?

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The vibrant metropolis of London houses a wide array of entrepreneurial ventures, particularly in the thriving payment startups sector. In the heart of the United Kingdom’s capital city, these innovative companies are rewriting the financial landscape, introducing unique solutions to common problems and bridging traditional financial setups with modern digital assets.

These startups are part of a booming FinTech industry in London, implementing groundbreaking technologies such as blockchain, cryptocurrency, and mobile payment systems. Their aim is to simplify the transactional journey, streamline processes, and provide cost-effective financial services to a diverse range of clientele.

In this article, we take a closer look at some of the most interesting payment startups operating in London today. From Neobanks to cybersecurity insurance companies, these businesses are at the forefront of the payment startups scene.

Paycado

Co-founded by Nadya Miteva and Veselin Sidjimov, Paycado is a FinTech Neobank that offers affordable, innovative banking services. The company operates within several sectors, including apps, banking, blockchain, consumer lending, financial services, FinTech, insurance, mobile payments, point of sale, and wealth management.

PayBear

PayBear helps merchants to accept cryptocurrencies in their transactions, expanding their potential customer base and embracing the digital age. The startup specialises in apps, blockchain, cryptocurrency, and payments.

The Trading game

Making learning about investments fun and accessible, The Trading Game is a simulation game for beginners interested in Forex, stocks, and cryptocurrency.

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Yordex

Co-founded by Erik De Kroon and Hardeep Nagi, Yordex provides smart spend management software and B2B payment services, effectively assisting businesses in managing their finances and maintaining their supply chain.

Velo Payments

Velo Payments offers payout solutions for organizations and businesses. Envisioned by Drew Weinstein, Elliott DeLoach, and John Davies, Velo Payments operates within the fields of financial services, payments, and service industry.

Paysend

Paysend, co-founded by Abdul Abdulkerimov and Ronald Millar, has revolutionised the way we send and receive money. Their financial technology platform enables any bank card to transfer money worldwide.

FLEXDEV INC

FLEXDEV INC is an outsourcing software development company that offers consulting, IT, legal, mobile payment and software services.

Techwisely Ltd

Developed by Faiq Ali Farooqui, Shamail Siddiqui, and Uzair Ahmed Siddiqui, Techwisely Ltd provides a hands-free counterless checkout solution, eliminating the need for queues in retail outlets.

Cyber Covered

Cyber Covered is an insurance company with a digital touch, offering cybersecurity insurance, data insurance, claims management, and payment services.

Orbital

Incorporating digital assets in their services, Orbital bridges the gap between traditional financial services and future technologies through its corporate treasury platform.

PayQin

PayQin aims to simplify online payments in Africa, contributing to the continent’s booming eCommerce sector.

Tymit

Tymit is a credit company that offers traditional credit cards and a buy now, pay later service.

Pluspare

Co-founded by Clément Bihorel, Lakshminarayanan Rajendran, and Pradeep Kumar Gangatharan, Pluspare simplifies micropayments, making them easy to manage and execute.

Pillar Project

Launched by David Siegel, Michael Messele, and Robert Gaskell, the Pillar Project offers a platform to contextually manage your identity and transact with the services of the future’s digital economy.

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TRASTRA

Co-founded by Roman Potemkin, TRASTRA enables easy and fast banking for cashing out crypto money.

Bearing a palette of diverse offerings, these payment startups are enhancing London’s financial landscape and pioneering exciting novelties in the sector. Leading the charge towards a digital future, these companies are inspiring and challenging new ventures across the globe.


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