tomato pay (formerly Fractal) are thrilled to be one of 30 firms accepted into the FCA Digital Sandbox Pilot to develop innovative products and services in response to the Covid-19 pandemic.
The Financial Conduct Authority’s digital sandbox will provide support to firms looking to tackle fraud and scams, vulnerability and lending to small and medium-sized businesses from today (23rd November) until early February.
To find out more about the FCA Sandbox Digital Pilot, you can visit the FCA’s website.
If you want to find out more about our participation in the FCA Sandbox, please email Lisa at firstname.lastname@example.org.
Community has never been as important as it is today, and watching the business and sole trader community struggle throughout the past year has spurred us on to take a more community-led approach to our business.
tomato pay is a simple, QR-code based payments and invoice app powered by Open Banking and built on our tomato pay API platform which offers both AIS and PIS capabilities.
Businesses and sole traders can benefit from our low-cost QR-code payments solution with no hidden fees, which saves them money compared to their current payment systems, gives them instant access to their money as cash settlement happens almost immediately, and access to all of their bank accounts in one place.
Businesses and sole traders can benefit from our quick and easy invoice solution. Invoices can be created within the app, with the option to give discounts and late penalties (pre-built into the app using gamification and behavioural science) and send nudges to remind customers and clients to pay. Plus, as you connect your bank account, payments are embedded within the app - so no need to give your bank details, and receive money owed instantly into your account.
Everyone can support their local communities thrive by paying their neighbourhood businesses in a cashless, hassle-free way.