Payumi Is The PayPal For Your Mates
OK, so this is not a groundbreaking idea—startups like ShareAGift in the UK and WePay and PayDivvy in the US have tried to solve the friend money-borrowing dilemma.
But, Payumi is the UK-based group payment site that has just secured $240,000 seed funding, taking it’s total funding to almost $400,000 and is set to launch fully next month. In fact, the startup was born around the corner from where I lived in East London, mate. If you don’t know about the Silicon Roundabout, check it out. You’ll see why this is a breeding ground for jolly good startups.