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Lopay Secures £6M in Seed Round Funding to Expand Operations and Help Small Businesses

London-based Lopay, an instant payment startup, recently announced that it has successfully secured ┬ú6M (approximately Ôé¼6.95M) in its Seed round of funding. The funding has been provided by BackedVC, Portage, The Venture Collective, and a series of angel investors.

This recent financial boost will enable Lopay to accelerate the expansion of its operations and extend its reach in the market. The company aims to improve its services and provide efficient payment solutions to small businesses all over the United Kingdom.

In previous months, Lopay proudly reported that it has already onboarded over 20,000 small businesses and processed an impressive volume of nearly 10 million payments. The positive response from these businesses demonstrates Lopay’s ability to resonate with SMEs and sole traders who face challenges in receiving card payments amidst high inflation and fragile customer demand.

However, a potential hurdle for small business owners lies in understanding the complex legal jargon often found in contracts and agreements. This is where the AI legalese decoder can come to the rescue. By utilizing advanced artificial intelligence technology, the AI legalese decoder can simplify legal documents, translating them into plain language that can be easily understood by small business owners. This tool can be invaluable for entrepreneurs who want to navigate through intricate legal terms and ensure they fully comprehend the terms and conditions of their business contracts.

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