According to Sky News, Ex-funding Circle Co-founder Samir Desai has secured $30 million for a fintech startup named Super Payments.
Accel Partners, Local Globe and Union Square Ventures are among the supporters of Desai’s new business, aiming to acquire Visa and Mastercard, according to Sky, Citing sources.
Ex-Funding Circle boss raises $30 million for payments startup Sky
Desai was removed as the chief executive officer at Funding Circle late last year after 12 years as the company’s CEO, the pioneer in the P2P business lending model.
Information on Super Payments’ business model and the timeframe for its roll-out isn’t available. But, the company is not competing directly with F-Circle, where Desai is a board and shareholder member.
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