Paymennt.com

Online payment gateway for small (non-ecommerce) businesses, to accept payments using links, integrations, and online stores

We launched our Paymennt app in May 2020, at the heart of the pandemic and lockdowns. We remotely acquired over 100 merchants within 3 weeks because the need was urgent especially for small merchants, and have since grown from there. In 2021, saw a 200% growth on previous year in processed volume, and 2022 to-date already passed the 2021 volume, with over 2000 merchants on our network. Notable angels who joined our seed round is exCFO of booking.com and founding member of Adyen

With the meteoric rise of digital channels for businesses across all industries and consequently online (remote) payment options, most businesses were seeking to process part of their transactions online through card or digital wallet acceptance. This has been harder than expected for many companies, especially entrepreneurs, freelancers and smaller businesses especially across the Middle East. Their dilemma is having to stay selling with traditional payment methods (cash and bank transfer), when all their clients are using cards and digital wallets.

Paymennt.com is gives merchants an onmichannel payment platform to send payment links for SMS, email, and social media sales, integrate with their website if any, API integration with platforms such as Zoho and Xero to integrate payments in pdf invoices, and also softPOS solution for Tap on phone payment. All transactions in one account, one statement, one partner, one simple fee structure. 2022 will also see the introduction of crypto payment for small merchants with fiat settlement, bringing micro crypto payments to the masses (POC done, awaiting regulatory license extension).

Our model is purely transactional today, we have no setup or monthly fees, simply 2.75% + $0.3 per transaction. Q4 2022 we will increase revenue per merchant by launching softPOS and SME early financing backed by their incoming volumes.

StartupBootcamp