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Lopay

UK-based payment app for small businesses

Lopay logo
21-100 employees
  • Fintech
  • B2B
  • Payments
  • Mobile
London, UK

Company mission

To be the most flexible and most rewarding payment app for small businesses.

Most candidates hear
back within 2 weeks

10% female employees

Our take

The UK mobile payments market saw rapid growth over the pandemic period. Over one third of the adult population are now registered for mobile payments, with services like Apple Pay and Google Pay seeing a 75% boost in signups. Mobile payments are firmly positioned to become the future of commerce, and fintech companies are cashing in big.

Lopay is one of the payments apps looking to break into the scene, but it faces stiff competition from heavyweights like Zettle, Sumup, and PayPal. Having launched in late 2021, the real challenge will be to assert itself as a distinctive market entrant. To do so, its marketing itself as a merchant-friendly alternative, undercutting competitors’ transaction fees for customers who can afford to postpone payments access by a few days.

Core to Lopay’s offering is flexibility and control – merchants set their payout schedule and they can switch between schedules at any time. As well as this, a real edge Lopay are offering is a sliding transaction fee scale, which does offer a highly competitive 0.79% for weekly access. It remains to be seen how successful Lopay can become in a crowded market.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Benefits

  • 25 days holiday a year (plus, statutory public holidays)
  • Workplace pension scheme
  • New Laptop (MacBook / Windows, your choice)
  • A “referral bonus” when you get friends/acquaintances to join the team
  • Stock options
  • Home office equipment allowance

Funding (1 round)

Jan 2023

$5.1m

Early VC

Total funding: $5.1m

Leadership

Co-Founder & Chairman of OrderPay. Former Vice President of Ecrebo Limited.

Endorsements

All

Team energy (2)

Meaningful work (1)

Intelligent people (1)

My opinions are valued (1)

Fair compensation (1)