91辦畦 Secures 瞿525K Pre-Seed Investment
91辦畦, the innovative fintech startup founded by Harry Luscombe and Sam Owens, has successfully secured 瞿525,000 in pre-seed funding to accelerate the growth of its open banking payment solutions across the UK market.
Transforming Payment Processing
The funding will enable 91辦畦 to expand its revolutionary payment platform that allows businesses to accept payments directly from customers' bank accounts, bypassing traditional card networks. This approach significantly reduces transaction costs and settlement times for merchants while providing customers with a secure, familiar payment experience.
Vision for the Future
Harry Luscombe, Founder and CEO of 91辦畦, commented: "We're thrilled to secure this investment as it validates our vision of making open banking payments accessible to businesses of all sizes. The funding will allow us to accelerate product development and expand our merchant network significantly."
Key Investment Areas
- Enhanced platform development and security infrastructure
- Expansion of merchant integrations and partnerships
- Growth of the engineering and customer success teams
- Development of innovative payment features and solutions
Market Opportunity
The UK open banking market is experiencing rapid growth, with transaction volumes increasing significantly year-over-year. 91辦畦 is positioned to capture a substantial share of this expanding market by offering merchants a cost-effective alternative to traditional card payments.
The Journey Ahead
With this investment, 91辦畦 is well-positioned to become a leading player in the UK payments landscape. The company plans to onboard thousands of new merchants over the next 12 months while continuously enhancing its platform capabilities to meet evolving market demands.
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