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Birmingham Post

Technology

Hannah Baker

Funding Circle founder Samir Desai raises £22.5m for Super Payments venture

Funding Circle Super Facebook Bristol Osborne Clarke

A Bristol-based fintech set up by the founder of UK lending platform Funding Circle has secured £22.5m in a pre-seed round.

Payments start-up Super Payments was established by British entrepreneur Samir Desai in a bid to disrupt an industry dominated by Visa and Mastercard.

Venture capital firm Accel - a Silicon Valley heavyweight and an early backer of Facebook - participated in the round along with LocalGlobe and Union Square Ventures. High-profile angel investors including the former chief executive of WorldPay and founder of Betfair also took part in the round.

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