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
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Sectors
Financial Services
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Phone
*********
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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
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
APIs for secure digital bill payments and transaction management
Solutions to enhance cash flow and payment reconciliation
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Funding Insights of Answer Pay
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Grant - Answer Pay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Answer Pay
Answer Pay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Gov.uk. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online government services and information are provided to users.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Answer Pay
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Answer Pay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Answer Pay Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Direct debit and payment processing services are offered by SmartDebit.
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| domain | founded_year | HQ Location |
Cloud-based payment processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Offers Direct Debit, card payments, and Open Banking for business revenue management.
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| domain | founded_year | HQ Location |
SaaS-based payment processor for businesses
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| domain | founded_year | HQ Location |
Direct debit solutions are provided to businesses via multiple channels.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Answer Pay
Frequently Asked Questions about Answer Pay
When was Answer Pay founded?
Answer Pay was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Answer Pay located?
Answer Pay is headquartered in Leeds, United Kingdom. It is registered at Leeds, England, United Kingdom.
How many employees does Answer Pay have?
As of Jan 31, 2022, the latest employee count at Answer Pay is 4.
What does Answer Pay do?
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.
Who are the top competitors of Answer Pay?
Answer Pay's top competitors include SmartDebit, Rapidata Services and Eazy Collect.
What products or services does Answer Pay offer?
Answer Pay offers Request to Pay APIs and Bill Payment Innovations.
Who are Answer Pay's investors?
Answer Pay has 1 investor. Key investors include Gov.uk.