SimplePay, an electronic payments company that’s headquartered in Australia, announced on Monday it secured a $5 million private capital investment from Fluce Capital and Versatile Group.
Founded in 2012, SimplePay claims it is a leading payment technology company, specializing in card payment processing around the world. The company is connected to more than 300 financial institutions across 6 continents. It enables its customers to trade and transact with their customers in a simple, effective and secure environment.
“We process millions of online and card present transactions each year, originating from a myriad of solutions, from online shopping carts through to unattended kiosks. SimplePay has products that suit all companies from small family run companies to government agencies, even multinational retail conglomerates.”
While sharing more details about the investment, Shadi Haddad, Founder of SimplePay, stated:
“This investment round will give us sufficient growth capital to scale our operations and implement our solutions globally. We have an efficient business model where we are embedded into the retail, global transit & hospitality sectors with our infrastructure partners, delivering customer-centric payment journeys using our unified payment and revenue assurance solutions.”
Chris Hicks, CEO of SimplePay, went on to add:
“Traditional payment systems are built around 60-year old technology that no longer caters for a modern Smart City’s requirements. We’ve developed a fast and easy to deploy solution tailored for residents & visitors of Smart Cities that enhances their experience, delivering real-time data insight for those who plan and manage the cities commercial needs and business flows.”