TABBit Raises £320,000 to Simplify Peer-to-Peer Payments in the UK

TABBit, a London-based fintech startup, has secured £320,000 in seed funding led by Angel Invest, with participation from fintech veterans Andrew Buckley and James Sherwin-Smith, both formerly of Mastercard

The funding will be used to develop and grow TABBit's product, which aims to simplify peer-to-peer payments between friends and family in the UK

TABBit leverages Open Banking and mobile banking app adoption to offer a bank-agnostic solution, allowing users to create payment requests and receive payments through their existing banking applications.