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tomato pay
QR-code based payments and invoice app
- 1-20 employees
- Fintech
- B2B
- Payments
- Financial Services
- SaaS
- Mobile
- Data Integration
- Holborn, London, UK
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Company mission
tomato pay's mission is to make a positive impact on the world with technology, and strengthen the backbone of the economy by increasing liquidity in the SME financing market.
Our take
SMEs are crucial to global economies both for wealth creation and for the people they employ. However, SME banking has been a segment that the banking industry has, at times, found challenging to serve due to its variety, complexity and unique requirements.
tomato pay has built a cloud-based platform to help entrepreneurs to evaluate their KPIs and to help financiers to monitor the performance of their investments. Its product simplifies finance for small businesses and banks, ensuring that SMEs are given the best chance of succeeding with high-quality banking services.
The market for helping small businesses access financial services is a competitive one. However, as the SME funding gap continues to grow, with a reported £59bn SME funding gap in the UK market alone, the potential growth for financial solutions companies like tomato pay remains considerable. If tomato pay's API-platform for connecting financial institutions and small business can harness this potential market, it could have a real impact on SMEs across the world.
Following recent investment from Deloitte, tomato pay are looking to rapidly accelerate their growth, with a key focus on developing their team to deliver their product to the international market. Long term, they want to become, in their own words, a 'truly global business'.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 25 days a year holiday plus bank holidays
- Employee share options
- Flexible working: core working hours 11:00 - 15:00
- Pension scheme
- Showers and secure cycle parking
- WeWork member offers and discounts
- Employee nights out and team building days
- Free barista made coffees, beers, cider, prosecco and social evenings
Company values
- Simplicity - As a team we strive for simple, elegant, neat solutions to everything we do
- Courage - Individually, and as a team we think big, act with courage and are not afraid of failure
- Accountability - Individually, we step up, accept risk, back our decisions and support each other
Funding (last 2 of 3 rounds)
Aug 2020
$3.2m
GRANT
Feb 2019
$0.5m
GRANT
Total funding: $4.7m
This company has top investors
Leadership
Nick Heller
(CEO)Earned an MBA from Cambridge in 2005 and spent 7 years in management positions at Google before co-founding tomato pay.
Stephanie Heller
(Board Member)Worked in M&A at Deutsche Bank before founding The Real Economy Effect GmbH in Switzerland.