About tomato pay
tomato pay is a Financial Services company based in London (United Kingdom) founded in 2014. It operates as a QR-code payments are enabled for businesses and sole traders. tomato pay has raised $3.27 million across 7 funding rounds from investors including Deloitte, Seedcamp and BCR. The company has 19 employees. tomato pay was last valued at $15.64 million in August 2021. tomato pay offers products and services including Business App, API Platform, and Smart Invoices. Its focus areas include FinTech, Payments, Business Payments and QR Code Payments. Its legal entity is FRACTAL LABS LTD. Its competitors include Codat, Banked, Bud, Moneyhub and Atoa and 2 more; 7 of its 7 listed competitors have raised funding.
Company details
Tomato Pay was established in 2014 in London, United Kingdom, within the fintech sector. QR-code-based payment solutions are provided to businesses and sole traders, facilitating direct deposits into bank accounts. An API-driven payment system and open banking platform for data aggregation are utilized. Domestic and international payment tools are supported, alongside invoice management features such as creation, dynamic discounting, collections, and processing.
- Headquarters London, United Kingdom
- Employees 19
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website tomatopay.co.uk
- Social LinkedIn X Facebook Instagram
- Legal Name Fractal Labs Ltd
- Date of Incorporation 02 Apr, 2014
- Jurisdiction DERBY, ENGLAND
- Total Equity Funding$3.27M (USD)
in 7 rounds
- Latest Funding Round$206.4K (USD), Seed
Aug 2021
- InvestorsDeloitte
& 6 more
- Employee Count19
Products & Services of tomato pay
tomato pay offers a comprehensive portfolio of products and services, including Business App, API Platform, and Smart Invoices.
App for quick invoice creation and payment management on mobile devices
Platform for integrating payment solutions and developer tools
Feature for tracking and following up on unpaid invoices automatically
Funding Insights of tomato pay
tomato pay has successfully raised a total of $3.27M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $206.4 thousand completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.27M
- Total Rounds 7
- Last Round Seed — $206,399
- First Round $1.15M
(Aug 2015)
- Investors Count 7
All 7 funding rounds of tomato pay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $15.64M | •••••••• |
| Mar 2021 | $15.4M | •••••••• |
| Apr 2019 | $••••• | •••••••• |
| Dec 2016 | $••••• | •••••••• |
| Aug 2015 | $••••• | •••••••• |
Full valuation and stage history of tomato pay
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $15.64M (Aug 2021). 7 investors in total: 7 institutional.
Investors in tomato pay
tomato pay has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Deloitte, Seedcamp and BCR.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital is invested in European startups across sectors. | – | lifelineventures.com | Helsinki, Finland | |
Venture capital fund investing in tech startups | 2007 | seedcamp.com | London, United Kingdom | |
ACE Ventures is engaged in venture capital investments globally. | – | aceventures.vc | Geneva, Switzerland | |
- | – | bcr-ltd.com | - | |
Audit, financial advisory, risk management, and tax services are provided. | 1845 | deloitte.com | New York, United States | |
Banking services, digital solutions, and wealth management for personal and corporate clients in India. | 1968 | dbs.com | - | |
- | – | ihorizon.tcc.mode | - |
Investor details for tomato pay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of tomato pay
2 people are tracked at tomato pay (1 in leadership, 1 in board & advisors); the tracked headcount is 19.
| Name | Role | Group |
|---|---|---|
Nicholas Heller | Co-Founder & CEO | Leadership |
Anna Tsyupko | Board Advisor | Board & advisors |
Complete people profiles for tomato pay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of tomato pay
4 dated milestones of tomato pay across 7 years, from founding to its latest funding, stage changes and deals.
- Founded tomato pay is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $206K.
Competitors of tomato pay
tomato pay has 7 listed competitors in our database, 7 of them funded. They include Codat, Banked, Bud, Moneyhub and Atoa, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| codat.io | 2017 | London, United Kingdom | $172.46M | 210 | Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses | |
| banked.com | 2018 | London, United Kingdom | $39.85M | 25 | Open banking APIs for payments and data access are provided. | |
| thisisbud.com | 2015 | London, United Kingdom | $102.54M | 86 | Bud Financial is focused on transforming transaction data into actionable insights for financial institutions. | |
| moneyhub.com | 2011 | Bristol, United Kingdom | $83.57M | – | Personal finance tools are offered for individuals and enterprises. | |
| paywithatoa.co.uk | 2022 | London, United Kingdom | $17.2M | 5 | QR code solution for businesses | |
| volt.io | 2019 | London, United Kingdom | $84.18M | 2 | Volt is recognized as a provider of real-time payment solutions globally. | |
| pollinate.global | 2018 | London, United Kingdom | $124.51M | – | Data aggregation via API is enabled for banks and businesses. |
Detailed competitors of tomato pay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of tomato pay
The website of tomato pay (tomatopay.co.uk) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 26.1% vs previous month
Websites whose visitors overlap most with tomato pay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
theoptimumdrive.com | theoptimumdrive.com | 100% | – | #5,987,394 | – |
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as tomato pay (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Tomato Pay
Complete news archive for tomato pay
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Frequently Asked Questions about tomato pay
tomato pay was founded in 2014 and raised its 1st funding round 1 year after it was founded.
tomato pay is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
tomato pay is a funded company, having raised a total of $3.27M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.15M, raised on Aug 2015.
tomato pay has 19 employees.
Tomato Pay was established in 2014 in London, United Kingdom, within the fintech sector. QR-code-based payment solutions are provided to businesses and sole traders, facilitating direct deposits into bank accounts. An API-driven payment system and open banking platform for data aggregation are utilized. Domestic and international payment tools are supported, alongside invoice management features such as creation, dynamic discounting, collections, and processing.
tomato pay offers Business App, API Platform, and Smart Invoices.
tomato pay has 7 investors. Key investors include Deloitte, Seedcamp, BCR, DBS Bank, and Lifeline Ventures.
The valuation of tomato pay is $15.64M as of Aug 2021.
tomato pay operates through Fractal Labs Ltd.