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, Series B
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