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Lopay
UK-based payment app for small businesses
- 21-100 employees
- Fintech
- B2B
- Payments
- Mobile
- London, UK
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Company mission
To be the most flexible and most rewarding payment app for small businesses.
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
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
Richard Carter
(CEO)Co-Founder & Chairman of OrderPay. Former Vice President of Ecrebo Limited.
Office
Articles
Endorsements
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Team energy (2)
Meaningful work (1)
Intelligent people (1)
My opinions are valued (1)
Fair compensation (1)
Since joining Lopay, it has honestly been an amazing experience! Every day the team works towards building an amazing product for our merchants. We have the best and brightest in the industry all in one place, where we can learn and grow from each other. Everyone has superb energy and a proactive attitude towards work as we can see the work we do is meaningful.
Operations & Strategy
Meaningful work
Mar 2023
Everyone at Lopay is a gem or diamond with copious amounts of knowledge, skills and experience. When you gather a team of people together who have the right know-how, you form a deadly force of disruptors.
Operations & Strategy
Intelligent people
Mar 2023
There's never a dull day in the office because every member of Lopay offers an unbridled amount of energy. Everyone enjoys working with each other and we all believe in the company and our journey to success!
Operations & Strategy
Team energy
Mar 2023
Everyone is really energetic and the team around me is really amazing, always ready to jump in and help with any issues or questions. I have never been so excited to work for a company before as I have been at Lopay.
Operations & Strategy
Team energy
Mar 2023
Anyone can ask questions in our by-weekly all hands. The CEO and the Dev team really value our opinions and feedback. They regularly go back to the feedback we provided to mention if the change has been introduced in the App.
Operations & Strategy
My opinions are valued
Mar 2023
Working at Lopay is great because it offers the opportunity to work on cutting-edge technology and innovative solutions in the financial industry, as well as the potential for rapid growth and career advancement in a dynamic and fast-paced environment.
Operations & Strategy
Fair compensation
Mar 2023