London FinTech Super Payments has created a queue for customers to access its cash back app before its official launch, after the announcement of an estimated $30 million fundraising round.
Super Payments was founded early this year by former CEO and co-founder of Funding Circle Samir Desai and a “group of tech gurus” to challenge established companies in the payments sector like Visa and Mastercard.
In the article, Desai stated that “we believe that consumers and businesses have been harmed by excessive fees on the internet for far too long by payment and digital advertising providers.” “It is essentially an internet tax. We can modify it collectively since we don’t like it.
Desai said in the article, “We offer free online payments to companies forever and quick cash back for consumers. “Super only generates revenue if customers save money and companies grow their revenues. We are entirely in line with you and are customer-obsessed. Everyone benefits when the earnings of payment and advertising corporations are returned to businesses and consumers.
The Super Payments websites for consumers and companies are fully operational, albeit the start-up has not yet provided an official launch date. A 5-pound (about $6) incentive is given to anyone who joins the shopper waiting. Companies have the option to consult an expert for further details.
Super Payments plans to compete with the big card companies as well as Google and Facebook by letting companies choose the commission they want to pay for client acquisition efforts.
The company stated on its website for businesses that “we realize getting clients online is hard and expensive, generally costing 15% to 30% using the standard digital marketing channels.” “Super provides a more equitable method to attract clients and boost sales.”
