Comma
Open banking bulk payments system
- 21-100 employees
- Fintech
- B2B
- Payments
- Financial Services
- Shepherd's Bush, London, UK
Jump to section
Company mission
To make it easy for businesses to pay salaries, taxes and invoices by revolutionising the payments system.
Our take
Bulk payments in the UK have mostly only been available to medium to large scale businesses that have corporate banking accounts. As such, many SMEs have been forced to rely on legacy, inefficient payment processes causing significant issues when it comes to paying staff, suppliers and customers. In the U.K. alone, over £1 trillion per year is transferred manually by small businesses with less than 10 staff.
Comma’s system enables small and micro businesses to bulk-pay bills, salaries and taxes using existing high street small business bank accounts, saving them a lot of time and money in administration. Under an automated system that streamlines processes with the aid of open banking, small businesses are able to access key data sources and communicate with bank accounts in a much more efficient way.
The industry is starting to get increasingly crowded. In the UK, Comma competes to some extent with Credec, Telleroo and BACS bureaus such as ADP. Internationally, Melio in the US and Libeo in France are also offering something similar.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Generous share options 📈
- Competitive Salary 💰
- Office & remote working 🏡
- 25 days holiday 🏖️
- Flexible hours 🧘
- An exciting start-up 🌱
- Team socials and drinks 🙌
- Dog friendly office 🐶
- Fun, collaborative team 😎
Funding (2 rounds)
Aug 2021
$6m
SEED
Jan 2021
$0.3m
SEED
Total funding: $6.3m
This company has top investors
Leadership
Tom Beckenham
(CEO)Background in advertising and marketing, as Head of Technologies & Operations at MurphyCobb & Associates and CEO & founder of Specle.