Founder and ex-CEO of Funding Circle Samir Desai has raised $30mn for his new payments business, Super Payments.
In Brief:
The funding came from Accel Partners, Local Global and Union Square Ventures.
The payments business as a pre-money valuation of $60mn.
Sky News reported the funding round but no official statement has been made by Desai yet.
What does this mean?
Desai will aim to offer new payment solutions and according to Sky News it will aim to disrupt the market and compete with the likes of Visa and Mastercard, but not much more information is available on the new venture.
