Statement is a UK-based startup that has launched a comparison platform for small businesses to find card payment providers tailored to their needs and budgets, using previous merchant statements. The company was founded by Ed Hardy (CEO, ex Worldpay) and Olivia Stannah (CTO, ex Citymapper) and the platform launches today. Statement aims to address industry opacity: the article cites that 92% of SMB merchants have stayed with the same card provider for over a year and 66% don’t know the fees they pay. The product responds to recent Payment System Regulator remedies requiring greater transparency, nudges to shop around, and an 18-month contract cap. Statement plans to let businesses compare and board to chosen providers online, reducing the process from days to minutes. Financially, the company has completed a £1.5 million pre-seed funding round to support its launch and growth.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2023