Super Payments

About Super Payments

Super Payments, founded in 2022 by Samir Desai, the co-founder of Funding Circle, is a fintech company that aims to disrupt the digital payments sector. Desai's background in finance and technology, particularly his experience with Funding Circle, a successful peer-to-peer lending platform, has shaped Super Payments' mission to create a more equitable and efficient payment ecosystem.

The company operates in the online payments market, offering a solution that benefits both businesses and consumers. For businesses, Super Payments provides a free online payment processing service, eliminating the fees typically charged by traditional payment providers like Visa and Mastercard. This is a significant value proposition for e-commerce businesses, as it allows them to reduce their operational costs. The business model is based on a commission from the businesses when a customer uses the Super app to make a purchase, but the key is that the payment processing itself is free.

For consumers, Super Payments offers a cashback rewards program. When shoppers pay using the Super app, they receive instant cashback on their purchases. This incentivizes the use of the platform and creates a loyal user base. The company has developed an AI-powered payment technology that ensures a fast and secure checkout process across various payment methods. Super Payments has raised GBP 22.5 million in a funding round to support its growth and expansion.