Group-Payments Startup Payumi Poised To Launch After Seed Round

The whole area of making payments as a group of people, whether it be for joint gift purchases (weddings), or even simple things like housemates paying bills etc. has been an area several startups have tried to tackle. ShareAGift in the UK focuses on joint gift purchases, but is more an affiliate gift sales model. In the US there is WePay and PayDivvy, both of which err on the side of being deposit account providers. WePay has moved to being a B2B play, trying to woo small merchants away from PayPal. In France there is Leetchi and FriendFund in Berlin. Many have substantial backing from VCs. Now, Payumi in the UK is poised to come out of public beta and hopes to cover all the 'group payment' bases and has sealed a ?150,000 ($186,000) round of seed funding taking its total seed funding to ?250,000.

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