Payaca secures GBP331k investment from Blackfinch
Summary
Targeted at small to medium sized businesses to increase their chances of winning work, Payaca’s mobile and web apps allow users to produce interactive quotes, provide built-in finance options, and to integrate seamlessly with accounting and payments services. CEO Matt Franklin, says: “We know that smaller companies offer the same level of customer service as their competitors, and so our platform allows SMEs to compete with the bigger businesses when pitching for work. “As our development team is in-house we are able to constantly respond to the feedback of our growing customer base to ensure the platform best meets their needs, and this latest round of investment means we can significantly expand the functionality of our product. “This is a truly exciting time for Payaca and we’re delighted to have the backing of Reuben and the Blackfinch team as we continue to build on our existing reputation as the ‘go-to’ digital platform for service businesses from start-ups through to those looking to scale up.” To deliver on its growth strategy, Payaca has recently welcomed a number of senior hires to the business including Lauren Schmitt as Head of Growth from Rated People, Chris Burton who joins as a Senior Engineer from Mango Solutions and Luke Johnson who joins from OVO Energy as Head of Operations. Dr Reuben Wilcock, ventures director at Blackfinch, says: “Payaca’s platform is designed to save time and money for SMEs operating in the service and trade-based industries, and its commitment to improving the customer journey on behalf of those companies is perfectly aligned to our own environment, social and governance (ESG) values.