London-based payments solution Hands In has completed a new funding round
IN BRIEF:
- The fundraising round attracted leaders from payment corporations including GoCardless, Curve and Elavon
- Hands In enables customers to split shopping baskets between a group equally or by item, inviting all group members into the transaction. Each customer can pay into the group simultaneously, and no money is taken from anyone in the group until everyone has opted in
- According to Hands In, 59% of purchases by Gen Z and millennial travellers are in groups of at least three or more, but paying the total sum of a holiday on one card isn’t always possible
What does this mean?
Gurinder Sumra, former CFO of Elavon Europe and FIS EMEA and investor in Hands In, added: “There are few and far between solutions in the payments industry that address customer needs with simplicity and are easy for operators and merchants to integrate and offer. Hands In is one of the few companies that possesses this capability.”
