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§ Private Profile · 123 Buckingham Palace Road Victoria, England SW1W 9SL, GB
Super Payments is a technology company.
Super Payments operates a payment network designed to eliminate processing fees for businesses while enhancing the shopping experience for consumers. Its platform supports diverse payment methods, including direct bank transfers via Open Banking, traditional card options like Apple and Google Pay, and its proprietary Buy Now Pay Later service. The company generates revenue through advertising solutions, credit offerings, and additional payment features, providing merchants with significant cost savings and shoppers with a more rewarding way to transact.
The company was founded by Samir Desai CBE, co-founder of Funding Circle, and a team of experienced executives with the vision to reimagine online payments. Desai's insight stemmed from the observation that businesses constantly lose a portion of their sales to processing fees, leading him to establish a system where merchants pay nothing to receive payments. This fundamental shift aims to allow businesses to reinvest savings into their growth and operations.
Super Payments serves both businesses, seeking to reduce transaction costs and drive growth through its credit offerings, and consumers, who benefit from a fast, secure, and rewarding checkout experience across various payment methods. The company’s long-term objective is to scale its innovative payment network, making it a ubiquitous solution that fundamentally changes how online transactions occur and providing tangible benefits to all participants.
Super Payments has raised $57.2M across 2 funding rounds.
Super Payments has raised $57.2M in total across 2 funding rounds.
Super Payments has raised $57.2M across 2 funding rounds. Most recently, it raised $27.2M Pre-Seed in August 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 17, 2022 | $27.2M Pre Seed | Harry Nelis | Andrew Robb, Edward Wray, Gokul Rajaram, Maria Raga, Peter Anthony Jackson, RON Kalifa, LocalGlobe, Union Square Ventures | Announced |
| Apr 1, 2022 | $30M Seed | — | Accel, Blossom Capital, Dreamers VC, Frontline Ventures, Future Shape, Thirty Five Ventures, Visionaries Club, Andreas Burike, Giovanni Gardelli, Hanno Renner, JOB VAN DER Voort, Julius Göllner, Michael WAX, Simon Beckerman | Announced |
Super Payments is a London-based fintech startup founded by Samir Desai that builds a mobile-first payments network offering 0% fees forever on open banking and Pay Later options, enabling merchants to save costs, offer discounts, and grow customer acquisition while shoppers earn cash rewards averaging 5% on purchases.[1][2][4] It serves UK businesses (thousands already switched) and over 200,000 shoppers, solving high payment fees, chargebacks, and low customer loyalty by providing free refunds, no chargebacks, faster/safer payments via bank apps, and built-in rewards that boost repeat purchases (40% more on average) and average order value (1.3x higher).[2][4] Backed by $30M+ in pre-seed funding—one of Europe's largest—Super Payments targets $1 trillion in annual payment value and $50B+ in savings for merchants and consumers, with strong early traction including international expansion hires.[1][3]
Super Payments was founded in London by Samir Desai CBE, co-founder of Funding Circle, alongside a team of experienced executives from high-growth fintechs.[1][2] Incorporated as Super Payments Limited (company number 13903817), the idea emerged to transform online shopping by challenging payment giants like Visa and Mastercard with a fee-free model powered by open banking via partners like Yapily and Modulr.[2][4] Early traction came swiftly: securing £29M/$30.44M in pre-seed funding from investors behind Facebook, Spotify, Stripe, Monzo, and Twitter, plus angels like WorldPay's former CEO and Betfair's founder; this fueled rapid growth to 51-200 employees and partnerships like Faraday for key hires in operations and marketing to scale internationally.[1][2][3]
Super Payments rides the open banking wave in the UK (regulated via FCA partners like Yapily/Modulr), capitalizing on post-PSD2 shifts that enable fee-disrupted alternatives to card networks amid rising merchant costs (2-3% typical fees).[2][4] Timing aligns with e-commerce growth, consumer demand for rewards/security, and fintech maturation—evidenced by massive pre-seed funding signaling investor bets on $1T payment volume disruption.[1][3] Market forces like regulatory support for real-time payments and competition from Stripe/Monzo favor it, while its network influences the ecosystem by pressuring incumbents, boosting merchant adoption (thousands switched), and normalizing rewarded, fee-free shopping for 200K+ users.[2]
Super Payments is poised for explosive growth, leveraging its $30M war chest for international rollout (already hiring for it) and add-ons to capture more payment volume toward its $1T target.[1] Trends like embedded finance, AI-driven personalization, and global open banking expansion (e.g., EU/Asia) will propel it, potentially evolving from UK disruptor to worldwide network rivaling Stripe. As fee pressures mount and loyalty tech matures, expect partnerships, Series A, and merchant/shopper flywheels to amplify influence—powering "free payments forever" as the new standard.[1][2][4]
Super Payments has raised $57.2M in total across 2 funding rounds.
Super Payments's investors include Harry Nelis, Andrew Robb, Edward Wray, Gokul Rajaram, Maria Raga, Peter Anthony Jackson, Ron Kalifa, LocalGlobe, Union Square Ventures, Accel, Blossom Capital, Dreamers VC.