VibePay, a notable player in the real-time payments sector, recently announced a significant funding boost alongside a strategic hiring move. The company, known for its innovative solutions in the FinTech industry, has raised an additional £5M from existing investors, bringing the total investment to £12M. High-profile supporters, including Nick Candy, have backed this latest funding round, further supporting VibePay’s vision for growth.
New Funding to Drive Open Banking and Real-Time Payments
This recent funding round will allow the expansion of its real-time transaction capabilities. The company leverages Open Banking frameworks to offer brands actionable insights into consumer spending habits. By employing advanced AI, VibePay’s platform provides deep data analytics that help businesses understand consumer behaviors both online and offline.
Introducing VibePay Insights
A significant portion of the new capital is dedicated to the launch of VibePay Insights, a platform expected to enhance brands’ access to real-time consumer data. Set to debut later this year, the platform will enable businesses to track spending trends and gain a clearer understanding of their audience. This approach highlights the commitment to using technology to bridge the gap between consumer insights and actionable business data.
In addition to new funding, VibePay has appointed Conor Tiernan as its Head of Insights. Formerly with Klarna, where he led Open Banking initiatives, Tiernan brings a wealth of expertise to VibePay. His background in product launches and technology development aligns with VibePay’s mission to enhance financial connectivity for users.
Tiernan commented, “The power of open banking is giving users control, which is central to VibePay’s approach. I’m excited to join the journey and support its dedicated community.” His addition is expected to accelerate the rollout of VibePay Insights and further their adoption in the industry.
Luke Massie, CEO of VibePay, shared his enthusiasm about Tiernan’s appointment: “I first connected with Conor a couple of years ago while exploring Klarna’s open banking capabilities for VibePay. His insights align perfectly with our goals, and I’m thrilled to see how his expertise will support our growth.”
Previously, VibePay secured £7M in funding, setting a strong foundation for its initiatives within Open Banking. With its latest £5M boost, they aim to push boundaries in real-time payments and strengthen its influence within the FinTech ecosystem. The company’s focus remains on creating a seamless, data-driven platform that benefits both brands and consumers
