Raises £1.5m pre-seed round

IN BRIEF:

 - Statement will use the funds to launch in the UK

 - It provides a platform for SMBs to compare payments providers and claims it can save merchants “up to £5,400 annually”

 - In addition to Northzone, the pre-seed funds came from Notion Capital, Entrepreneur First, Triple Point Ventures, TinyVC and angels

What does this mean?

Ed Hardy, CEO of Statement, said: “90% of contracts are still signed through telesales or field sales making it hard to quickly search the market. We’re building the technology to create a more transparent payment industry where businesses can compare and board to their chosen provider online, cutting the process of finding the right provider from days down to minutes.”