Answer Pay

Leeds, United Kingdom Founded: 2020 • Age: 6 yrs
Direct debit solutions for business payments are offered.
Annual revenue - Latest available
Total funding - 1 rounds
Employees 4 Tracked headcount
Investors 1 Known backers
Products 2 Services tracked
Competitors 8 Brand Intelligence

About Answer Pay

Answer Pay is a company based in Leeds (United Kingdom) founded in 2020 by Gary Parlett and Kate Parlett Mbe. The company has 4 employees as of January 31, 2022. Answer Pay offers products and services including Request to Pay APIs and Bill Payment Innovations. Answer Pay operates in a competitive market with competitors including SmartDebit, Rapidata Services, SmarterPay, Nuapay and Eazy Collect, among others.

  • Headquarter Leeds, United Kingdom
  • Employees 4 as on 31 Jan, 2022
  • Founders Gary Parlett, Kate Parlett Mbe
  • Sectors
    Financial Services
  • Phone
    Locked
  • Website
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  • Social
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  • Legal Name Answer Pay Limited
  • Date of Incorporation 28 Jan, 2020
  • Jurisdiction LEEDS, WEST YORKSHIRE, UNITED KINGDOM
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    4

    as on Jan 31, 2022

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Products & Services of Answer Pay

Answer Pay offers a comprehensive portfolio of products and services, including Request to Pay APIs and Bill Payment Innovations.

Product name locked
Category locked
Primary

APIs for secure digital bill payments and transaction management

Product name locked
Category locked
Locked

Solutions to enhance cash flow and payment reconciliation

People of Answer Pay

Headcount 1-10
Employee Profiles 3
Board Members and Advisors 1
Employee Profiles
People
Ismail Bhana
Head of Engineering
People
Peter Cornforth
Commercial Director
People
Gary Parlett
Chief Executive Officer

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Board Members and Advisors
people
Finbarr Joy
Non-exec director

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Teams

Funding Insights of Answer Pay

Investors in Answer Pay

Answer Pay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Gov.uk.

All
Institutional
Investor Description Founded Year Domain Location
Online government services and information are provided to users.
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Investor details for Answer Pay

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  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

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Investments & Acquisitions by Answer Pay

Investments
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Investment portfolio details for Answer Pay

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  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Financial Statements - Answer Pay

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Detailed financials for Answer Pay

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  • Profit trends
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Answer Pay Comparisons

Answer Pay Primary company
Description
Direct debit solutions for business payments are offered.
Location
Leeds, United Kingdom
Founded Year
2020
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
4
As of 2022
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Peer comparison for Answer Pay

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Competitors of Answer Pay

Answer Pay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SmartDebit, Rapidata Services, SmarterPay, Nuapay and Eazy Collect, among others.

Company Name Domain Founded year HQ Location Description
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Direct debit and payment processing services are offered by SmartDebit.
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Cloud-based payment processing solutions are provided for businesses.
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Offers Direct Debit, card payments, and Open Banking for business revenue management.
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SaaS-based payment processor for businesses
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Direct debit solutions are provided to businesses via multiple channels.
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Detailed competitors of Answer Pay

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Latest news on Answer Pay

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Complete news archive for Answer Pay

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  • Older coverage
  • Brand-specific news history

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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.

As of Jan 31, 2022, the latest employee count at Answer Pay is 4.

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 Eazy Collect.

Answer Pay offers Request to Pay APIs and Bill Payment Innovations.

Answer Pay has 1 investor. Key investors include Gov.uk.

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