# Lopay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lopay

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.lopay.com/
- Total disclosed funding: $7.7M
- Latest round: Seed (Apr 19, 2023)
- Investors on record: 2

## About

Based in London, UK, and founded in 2022 by Richard Carter, Lopay Ltd operates as a financial service provider that provides a cardless payment platform for business owners. In October 2023, Lopay Ltd raised USD 7.35 million in seed funding from investors Portage, The Venture Collective, and other investors. The firm’s partners include Veezu, Pet Industry Federation, FSB, etc. 

The firm offers mobile applications and card readers that enable small businesses to facilitate financial transactions without physical cash via their own mobile device, a payment sticker, or a card reader. The firm’s range of products includes card readers, bumper cases for card readers, box mounts for card readers, printers, POS devices, and subscriptions for POS devices.

The firm charges a 0.79% transaction fee for each transaction.

The company intends to use the October 2023 funding to expand its workforce and market reach.

## Funding rounds

- Seed, Apr 19, 2023, $7.7M — Portage Ventures, The Venture Collective

## Investors

- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Seed
- The Venture Collective (https://capitalatlas.ai/funds/the-venture-collective) — Seed