Kikapay offers market leading, direct from bank, payment solutions for utilities and other merchants so they can collect payments in a fair, fast and secure way from their customers
0% of minimum goal raised
Minimum Target £ 400,000 |
Minimum investment amount £ 20,000 |
Maximum Target £ 1,000,000 |
Maximum investment amount £ 400,000 |
Kikapay was created with the purpose to allow individuals and businesses should have real control over their money and data. Open Banking provides a route to enable this purpose. We are focussed on reducing business cost and risk, and ensuring customers have a convenient and efficient method of paying for services or transferring funds to their accounts.
Kikapay's co-founder and CEO Chris Moore pitching at one of Angels Den's events.
Our primary product, Kika, is an alternative to card payments. The payments are initiated from either a URL or a QR code, are portable and only require the customer to use online banking as funds are transferred immediately from their bank account to the merchant's bank account. We charge the merchant a fixed fee per transaction based on volume of payments transacted. All this is enabled by new Open Banking Standards
Kikapay will replace online card transactions.
We also have:
built a solution for charities to collect gift aid data.
designed a bank account & ID verification product
plans to design Help to Pay and Help to save products for Utilities & investment companies respec
Card payments
for merchants have: high transactions fees, significant cost of fraud/charge backs , slow money transfer, significant reconciliation issues and back office costs, not easily portable.
for customers carry risk whenever details are handed over to merchant/PSP, or card is lost.
For merchants, Kikapay is able to:
- Cut transaction costs - flat fee per transaction
- Reduce the risk of fraud
- Process immediate payments
- Enable automatic reconciliation to source transaction
- Enable payments anywhere a QR code can be displayed
For customers, Kikapay offers:
- Improved security - no payment data is shared
- Simplicity - no download; pay via mobile bank ap
KIkapay charges merchants a flat fee for each transaction. The fee is based on volume of transactions bought up front (nb KiKa improves merchant cashflow overall since payments are immediate saving at least 3 days vs cards).
All target sectors have recurring transactions from their customers which results in recurring revenue for Kikapay. Once a customer uses KiKa to pay they will not return to card or other payment methods.
Our financial forecast conservatively estimates that each tranche of payments will take up to 3 yrs to convert, we aim to make this faster.
Our primary product, Kika, is an alternative to card payments. The payments are initiated from either a URL or a QR code, are portable and only require the customer to use online banking as funds are transferred immediately from their bank account to the merchant's bank account. We charge the merchant a fixed fee per transaction based on volume of payments transacted. All this is enabled by new Open Banking Standards
Kikapay will replace online card transactions.
We also have:
built a solution for charities to collect gift aid data.
designed a bank account & ID verification product
plans to design Help to Pay and Help to save products for Utilities & investment companies respec
Card payments
for merchants have: high transactions fees, significant cost of fraud/charge backs , slow money transfer, significant reconciliation issues and back office costs, not easily portable.
for customers carry risk whenever details are handed over to merchant/PSP, or card is lost.
For merchants, Kikapay is able to:
- Cut transaction costs - flat fee per transaction
- Reduce the risk of fraud
- Process immediate payments
- Enable automatic reconciliation to source transaction
- Enable payments anywhere a QR code can be displayed
For customers, Kikapay offers:
- Improved security - no payment data is shared
- Simplicity - no download; pay via mobile bank ap
KIkapay charges merchants a flat fee for each transaction. The fee is based on volume of transactions bought up front (nb KiKa improves merchant cashflow overall since payments are immediate saving at least 3 days vs cards).
All target sectors have recurring transactions from their customers which results in recurring revenue for Kikapay. Once a customer uses KiKa to pay they will not return to card or other payment methods.
Our financial forecast conservatively estimates that each tranche of payments will take up to 3 yrs to convert, we aim to make this faster.