TeaPayment, the electronic money institution which helps Fintech companies to process payments, is pleased to announce it has secured a significant investment despite the ongoing coronavirus pandemic.
The company has secured £350,000 from an institutional investor, thus surpassing the minimum target of its current funding round on the Crowd for Angels crowdfunding platform. This proves the team’s determination in the face of adversity and reflects their entrepreneurial spirit.
The Company is now looking to hit its maximum target amount of £600,000.
The ongoing global pandemic (COVID-19) has created a new “normal”, changing the way many businesses are running and how we are consuming products and services. However, TeaPayment’s mission remains the same.
The company seeks to help Fintech companies process payments by providing them with e-wallets to end-users. It hopes that the cost to provide this service is significantly reduced for companies and provides greater control and transparency for companies and users.
TeaPayment has worked with representatives from a range of firms in the industry to understand their needs in detail and build a platform that meets their requirements. By focusing exclusively on clients in this industry, TeaPayment is able to build a platform with all the functionality they need.
Andrew Adcock, CEO of Crowd for Angels said, “It is great to see that despite the changes in our lives due to the global pandemic, investors are still supporting businesses such as TeaPayment given their determination and commitment.”
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