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SendSpend logo — SendSpend is a UK-based Neo-Bank and FCA-regulated Electroni...

SendSpend

SendSpend is a UK-based Neo-Bank and FCA-regulated Electronic Money Institution (FRN: 932841)

Founded 2016 United Kingdom London, United Kingdom 6 employees Seed Total: $1.28M

General Information

Company Name SendSpend
Founded Year 2016
Location United Kingdom London, United Kingdom +1
Employees 6
Funding Stage Seed
Social

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About SendSpend

SendSpend, founded in 2016, is a UK-based Neo-Bank and an FCA-regulated Electronic Money Institution offering a diverse range of financial services. With a bold mission to innovate, the company is paving the way for the future of cashless transactions.

Through its offerings such as business bank accounts with both physical and virtual IBANs, cardless e-wallets, and a suite of alternative payment methods, SendSpend is positioning itself as a key player in the fintech space. The company's infrastructure eliminates traditional payment barriers, facilitating instant, low-cost global payments while promoting financial inclusion.

The startup secured a £350.00K Seed Round investment as of 01 January 2020, reflecting its potential in the market. Investors seeking to engage with a forward-thinking company in the electronic money and open banking sectors will find SendSpend an intriguing prospect with scalable growth opportunities.

Taxonomy: Neo-Bank, Electronic Money Institution, Cardless Payments, Business Bank Accounts, e-Wallets, Alternative Payment Methods, Open Banking, Payment Gateway, Cross-Border Remittance, Crypto On/Off Ramps, Real-Time Payments, BACS, CHAPS, Faster Payments, SEPA & SEPA Instant, Financial Inclusion, Peer-to-Peer Payment System

Services & Products

Business Bank Accounts
Cardless e-Wallets
Real-Time Financial Services
International Remittance
Human ATM Services
API Integration

Target Customers

Merchants Platforms Fintechs Sole Proprietors Self-Employed Individuals Corporate Agents Online & Physical Merchants

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Seed •••••• - 01 Jan 2020
Seed •••••• - 01 Jan 2019
Seed •••••• - 01 Dec 2017
Seed •••••• - 01 Mar 2017
Seed •••••• 1
Investor
01 Jun 2016

SendSpend Alternatives & Competitors

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SendSpend vs
FinGrid®
FinGrid® United States

Accept instant bank-to-bank payments at your checkout and reduce payment processing fees by over 80%...

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SendSpend vs
EBA CLEARING
EBA CLEARING France

Pan-European by design and desire

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SendSpend vs
Montran
Montran United States

We Unify The World Financially

718 employees
Financial Services, Information Technology
Also compare with: SendSpend vs Wunderbit Exchange Wunderbit Exchange View all alternatives

FAQ About SendSpend

SendSpend is a UK-based Neo-Bank and FCA-regulated Electronic Money Institution (FRN: 932841)
SendSpend was founded in 2016.
SendSpend is headquartered in London, United Kingdom.
SendSpend has approximately 6 employees.
SendSpend has completed 5 funding rounds, raising a total of $1.28M. The latest funding stage is Seed.
SendSpend offers: Business Bank Accounts, Cardless e-Wallets, Real-Time Financial Services, International Remittance, Human ATM Services, API Integration.
Top alternatives and competitors to SendSpend include FinGrid®, EBA CLEARING, Montran, Fire, Wunderbit Exchange. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SendSpend and FinGrid® are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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