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Paid

Next-generation procurement automation platform

Paid logo
1-20 employees
  • B2B
  • Enterprise
  • Payments
  • Business Intelligence
  • Financial Services
  • SaaS
  • API
Darlington, UK

Company mission

To make it easy for big companies to buy from small businesses.

Our take

Paid provides an elegant software solution to the problem of buying and supplying between large and small businesses.

Large companies can spend a lot of time and incur substantial costs from the process of onboarding new service providers. Because of this, small businesses often find that they're not paid on time. These pains have been exacerbated by the recent past. Since the start of 2020, 97% of business have experienced some form of supply chain disruption.

As a result, Paid have developed a powerful API which makes invoicing much more intuitive and user-friendly both for buyers and suppliers. The system is comprehensive and forward-thinking, ensuring levels of transparency that wouldn't otherwise be possible when payment processes are lost in an accounts department of a corporation.

Paid was founded as part of the 2019 Barclays Techstars accelerator, and recently secured a strong £2.2m seed round, led by Crane and containing a strong set of Angel investors, including Tessian founder Tim Sadler.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Company values

  • Business is about people, not process. Relationships will always matter most
  • Software solutions should just work. The experience should be simple, purposeful and powerful
  • We can help smaller businesses thrive and the biggest businesses innovate and move quickly
  • We believe in guarantees: Cost savings for buyers and faster payments for suppliers

Funding (1 round)

Nov 2020

$2.9m

SEED

Total funding: $2.9m

This company has top investors

Leadership

Tom Howsam

(Founder)

Experienced Tech leader, with stints as CTO at Clicksco and VP Engineering at Graphic.ly. Founded Paid as part of the Techstars accelerator in 2019.

Oxford Law graduate with extensive experience in business consulting, with a stint at WickerWood.

Endorsements

All

My opinions are valued (2)

Hard working team (1)

Open and honest communication (1)

Flexible working (1)

Team energy (1)

Innovative product (1)

Inspiring mission (1)

Strong leadership (1)

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