Key Stats

Name: Assembly Payments (previously PromisePay)

Sector: Payments

Founders: Simon Lee, Darren McMurtrie, Simon Jones

CEO: Simon Lee

Year of investment: 2014, 2015

Rounds: Seed, Series A

Co-investors: Mark Harbottle (99Designs), Cultivation Capital, Rampersand Capital, Carsales.com.au

What they do

Assembly Payments is a full stack payments platform that helps marketplaces, merchants, and their customers transact simply and securely online. The Assembly platform gives marketplace operators a fully-managed payments solution over and above simple payment processing, including escrow, fraud management, end user support, and dispute resolution.

Fintech startup PromisePay becomes Assembly Payments, signs key Gumtree deal

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