Shieldpay: against COVID-19 Company
Entity: Shieldpay
Category: FinTech and Digital Economy
Description: Shieldpay is an instant digital escrow facility that enables secure high value transactions between individuals and entities. First and foremost, they are a FinTech business, fully authorised and regulated by the FCA for payment services. They are an alumni of the 2017 Barclays Accelerator Programme, powered by Techstars. Their mission to eliminate fraud in peer-to-peer payments and to enable anyone, anywhere, to transact with each other in total confidence. Whether you are an individual or business, ShieldPay enables you to create an instant digital escrow facility with no set-up costs. Their platform protects both payer and payee in any transaction by verifying the identity (and beneficial ownership) of all parties. Funds are held securely in the ShieldPay Vault, and are only released when both parties agree. They created ShieldPay as traditional payment systems and banks failed to protect buyers and sellers of goods and services from fraud. Core to the ShieldPay culture is giving their customers an easier and safer way to be able to Buy Safe, Sell Safe and Pay Safe. They are a passionate bunch of technologists, designers, marketers and legal and compliance experts who share the same vision of making the payments ecosystem a safer place for all.
Project: ShieldPay Vault for suppliers and distributors
Summary: Shieldpay have worked with specialist online food & drink exchange, StarStock, to create an open marketplace for suppliers, wholesalers, distributors and C&Cs to connect visit to launch a ground-breaking new national initiative enabling UK pubs to trade as food shops and transform into ‘click and collect’ havens during the lockdown.
+ Investors:
Renaissance Capital Partners
Innovate UK
