Ensygnia, which launched 2012, allows users to pay for items by scanning websites through their phones that are set up to work with the app. As part of the deal Wayra will provide Ensygnia with office space, mentoring and board advisors. The money will be used to move Ensygnia out of beta and expand itself internationally.
Co-Founder and CEO Richard H Harris said: “We have just completed one of the most successful and largest seed funding rounds for a pre-revenue, pre-product company in the UK this year and have now secured a market valuation of more than USD20m.
“We are already moving quickly with a wide range of potential Onescan partners and customers and this backing is helping us to accelerate even faster – by expanding our development team for example,” he added.
“Through Wayra we have also secured a very powerful global mobile partner in Telefonica and I believe we are ready for take-off. With this level of support and backing I believe we will very quickly demonstrate our market traction and move towards a significant Series A VC investment round as the next stage in our international growth.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.