SSV Smart Pay secures £5 million funding round at £30 million valuation
SSV Smart Pay, a pioneering open banking payments platform, has successfully raised £5 million in its latest funding round, pushing its valuation beyond £30 million.
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The round included participation from prominent banking and fintech investor, reflecting strong confidence in the company’s innovative approach to revolutionizing digital payments.
SSV Smart Pay enables seamless, low-cost transactions by leveraging QR code payments through open banking technology, allowing merchants and consumers to bypass traditional card networks. The platform offers faster settlements and reduced transaction fees, creating significant value for businesses. The fresh capital will fuel the company’s growth strategy, including expanding its merchant network, enhancing product capabilities and strengthening the balance sheet.
“We are thrilled by the overwhelming support from our investors, which underscores the market’s recognition of our potential to disrupt the payments landscape,” said Ankur Ghosh, CEO SSV Smart Pay. “This funding allows us to accelerate our vision of capitalizing on open banking to provide seamless and efficient payment solutions.”
SSV Smart Pay is uniquely positioned to capitalize on the growing trend of open banking. As the fintech ecosystem continues to evolve, the company remains committed to offering its customer and merchants comprehensive suite of financial services.