SmartTrade App

The future of running a dynamic small business
  • Software & Services
  • Early Revenues - Pre-profit

London, United Kingdom
GBP
smarttradeapp.com

SmartTrade App

An innovative business which facilitates card and alternative payments such as Pay by Bank App to merchants from their customers. This works directly through a mobile app or dashboard with no need for additional card readers or excessive hardware.

  • SmartTrade App

    £268,152
    Raised
    19th Mar, 20
    Closed
  • SmartTrade App further includes features such as invoicing, light CRM, team management and reporting as well as ability to delegate jobs to your members.

    SmartTrade also operates as a tech company, aiming to provide their software to large institutions such as financial institutions, large private companies, telecom providers and other business with a large base of SMEs.

    Due to being exclusively built on software SmartTrade can integrate with just about anyone and add any kind of feature which means the future will see accounting integrations, further payment methods and financing for small merchants.

    We want to make lives easier for SMEs all over the world and believe we are the perfect company to do so.

     

    Key Achievements

     

    • Strategic partner to MasterCard who have injected development and marketing funds and introduced new business channels (such as Starling Bank)
    • Signed agreement with CardOne banking.£15m in transaction volumes processed to date. Additional companies being onboarded with the potential of upwards of £150m in annual transactions
    • Proven commercial model, live in the UK market with more than 14,500 merchants having used SmartTrade App. 
    • Interest from large high street banks in the UK to provide SmartTrade as a branded entry level solution for their business accounts.
    • Award winning mobile payments solution (2019 Payments Awards: Most Disruptive Payments Tech)
    • Partner and white label discussions with companies such as Vodafone, Samsung, Visa, Gravity Payments (US), Banking Circle and Mastercard US.
    • Multi-acquiring achieved via Stripe, Wirecard and Cardstream Payment.

     

    The Market

     

    Market 4.png

    Flexibility

    • We have more payment methods than ever before (biometric, cards, open banking etc etc..)
    • Businesses want mobility and access to the most convenient methods of accepting payments

    Convenience

    • Payment acceptance is a hygiene factor; no one thinks about it, unless it’s a difficult process
    • Businesses want consolidated solutions and think about growing their business rather than running it

    Cost Efficiency

    • Due to continuous innovation, transaction rates and margins are dropping rapidly. We are living in a subscription economy.
    • Businesses want the best of both worlds - flexible solutions at low costs
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