B2B payments startup topi emerges from stealth
- Date: 14-Dec-2021
- Source: Finextra
- Sector:Financial Services
- Country:Middle East
B2B payments startup topi emerges from stealth
Two former employees of Apple and Goldman Sachs have raised $4.5 million in pre-seed funding for a new B2B payment startup, topi.
Index Venture sand Creandum co-lead the pre-seed round of the Berlin-based company alongside a number of prominent angel investors, includingg Dominik Richter (founder of HelloFresh), Max Tayenthal (founder of N26), Thijn Lamers (founding team Adyen), and Fabian Wesemann (founder and CFO WeFox).
The market for business-to-business payments solutions stands at $120 trillion, and will be five times the size of the consumer payments market by 2028. Yet while consumers can now choose between a multitude of payment options, most payments for commercial trade remain manual and fragmented, says Charlotte Pallua, co-founder of topi.
“Companies make purchasing decisions almost on a daily basis. Yet there are no fully digital end-to-end processes in B2B sales and no customer-friendly
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