About Answer Pay
Answer Pay is a Financial Services company based in Leeds (United Kingdom) founded in 2020 by Gary Parlett and Kate Parlett Mbe. Direct debit solutions for business payments are offered. The company has 4 employees. Answer Pay offers products and services including Request to Pay APIs and Bill Payment Innovations. Its focus areas include FinTech, Payments, Business Payments and Direct Debit. Its legal entity is ANSWER PAY LIMITED. Its competitors include SmartDebit, Rapidata Services and SmarterPay.
Company details
Answer Pay was founded in 2020 in Leeds, United Kingdom, within the fintech sector. Direct debit payment solutions are provided to businesses, encompassing bill issuing, invoice payments, bill management, and direct debit oversight. Customer engagement tools are included, enabling bill aggregation and payments through a dedicated app using a unique Request to Pay ID. Operations focus on streamlining payment processes for various business needs.
- Headquarters Leeds, United Kingdom
- Employees 4
- Founders Gary Parlett, Kate Parlett Mbe
- SectorsFinancial Services
- Phone•••• ••••
- Website answerpay.uk
- Social LinkedIn
- Legal Name Answer Pay Limited
- Date of Incorporation 28 Jan, 2020
- Jurisdiction LEEDS, WEST YORKSHIRE, UNITED KINGDOM
- Investors
- Employee Count4
Products & Services of Answer Pay
Answer Pay offers a comprehensive portfolio of products and services, including Request to Pay APIs and Bill Payment Innovations.
APIs for secure digital bill payments and transaction management
Solutions to enhance cash flow and payment reconciliation
Funding Insights of Answer Pay
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Answer Pay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in Answer Pay
Answer Pay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Gov.uk.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online government services and information are provided to users. | 1707 | gov.uk | London, United Kingdom |
Investor details for Answer Pay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Answer Pay
5 people are tracked at Answer Pay (4 in leadership, 1 in board & advisors); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
Gary Parlett | Co-Founder | Leadership |
Kate Parlett Mbe | Co-Founder | Leadership |
Ismail Bhana | Head of Engineering | Leadership |
Peter Cornforth | Commercial Director | Leadership |
Finbarr Joy | Non-exec director | Board & advisors |
Complete people profiles for Answer Pay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Answer Pay
2 dated milestones of Answer Pay across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Answer Pay is founded.
- Funding First funding round.
Competitors of Answer Pay
Answer Pay has 3 listed competitors in our database. They include SmartDebit, Rapidata Services and SmarterPay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| smartdebit.co.uk | 1998 | Bagshot, United Kingdom | 4,353 | Direct debit and payment processing services are offered by SmartDebit. | ||
| rapidataservices.com | 1997 | Redhill, United Kingdom | 19 | Cloud-based payment processing solutions are provided for businesses. | ||
| smarterpay.com | 2017 | Peterborough, United Kingdom | 15 | Offers Direct Debit, card payments, and Open Banking for business revenue management. |
Detailed competitors of Answer Pay
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Answer Pay
The website of Answer Pay (answerpay.uk) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 58.1% vs previous month
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Frequently Asked Questions about Answer Pay
Answer Pay was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Answer Pay is headquartered in Leeds, United Kingdom. It is registered at Leeds, England, United Kingdom.
Answer Pay has 4 employees.
Answer Pay was founded in 2020 in Leeds, United Kingdom, within the fintech sector. Direct debit payment solutions are provided to businesses, encompassing bill issuing, invoice payments, bill management, and direct debit oversight. Customer engagement tools are included, enabling bill aggregation and payments through a dedicated app using a unique Request to Pay ID. Operations focus on streamlining payment processes for various business needs.
Answer Pay's top competitors include SmartDebit, Rapidata Services and SmarterPay.
Answer Pay offers Request to Pay APIs and Bill Payment Innovations.
Answer Pay has 1 investor. Key investors include Gov.uk.
Answer Pay operates through Answer Pay Limited.