Payable
Payable was a London-based fintech that built a unified API and dashboard platform to automate bank payments and reconciliation across multiple banks and wallets for business finance and engineering teams. It was acquired by Stripe in 2022.
- Company typePrivate
- Founded2022
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Payable does
Payable was a London-based fintech founded in 2022 that built a payment operations platform aimed at finance and engineering teams at businesses with non-card payment flows. The platform combined a unified API and a dashboard to connect banks and wallets, automating bank payment processing and reconciliation across multiple payment rails into a single operational interface. Its technical positioning was aggregation: rather than supporting a single bank or wallet, it abstracted multiple financial institution integrations behind one API and one reconciliation surface, reducing the engineering overhead of managing fragmented bank connectivity.
The company operated at early stage, with 11-50 employees and approximately $6.235M in total disclosed funding, comprising a $135,000 raise from The Fintech Fund in March 2022 and a $6.1M seed round in October 2022 co-led by CRV and Earlybird Venture Capital, with Clocktower Technology Ventures and Conversion Capital participating. Its stated commercial direction included expansion beyond the UK into international markets. Payable was acquired by Stripe, with founder Daniel Yubi joining Stripe as product lead, effectively absorbing the platform and team into Stripe's broader payments stack. The business model is not explicitly disclosed in available material; given the API-and-dashboard structure and B2B finance-and-engineering positioning, plausible revenue mechanics are usage-based or tiered SaaS pricing tied to payment volume, transactions processed, or connected accounts, but this cannot be confirmed from the input data.
Payable firmographics
Firmographics- Name
- Payable
- Website
- https://payable.co
- Company type
- Private
- Founded year
- 2022
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Payable was a London-based fintech that built a unified API and dashboard platform to automate bank payments and reconciliation across multiple banks and wallets for business finance and engineering teams. It was acquired by Stripe in 2022.
- Ownership category
- akta.pro rank
Payable industry classification
Industry- Product category
- Payment Operations / Financial Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Payment Reconciliation, Reporting & Settlement Infrastructure (FSAGABAH)
- akta.pro secondary industries
- Payment Orchestration Platforms (FSAGABAA), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)
Keywords
Where Payable is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Payable business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Payment Operations Platform: Revenue likely generated from platform usage fees or transaction fees for processing payments through the unified API and dashboard. The company offers automated bank payments and reconciliation services to businesses.
Go-to-market motion1 record
Payable product offering
Product offeringCore offering
Payable built a payment operations platform consisting of a unified API and dashboard that connects banks and wallets, enabling businesses to programmatically initiate, monitor, and reconcile bank payments. The platform automated what would otherwise be manual, error-prone reconciliation work and gave finance and engineering teams a single integration point across multiple UK banks and wallet providers.
Product overview
Payable is a fintech platform offering a single, unified payment operations platform. The platform consists of a unified API and dashboard that connects banks and wallets, automating bank payments and reconciliation to modernize business payments. The platform enables companies to manage payment flows more effectively and facilitates faster, more efficient payment processing.
Differentiator
Problem solved
Functional benefit
Products and services
- Payment Operations Platform A unified payment operations platform consisting of an API and a dashboard that connects banks and wallets, enabling businesses to programmatically initiate, monitor, and reconcile bank payments while automating what is otherwise a manual reconciliation process. Targeted at finance and engineering teams responsible for business money movement.
Companies that use Payable
Customer profileSegments1 record
Ideal customer profiles1 record
Payable technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Payable partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights3 records
Payable competitors and assessment
Company assessmentBroad incumbents
- Stripe: Stripe is the parent company that acquired Payable and offers a broad payments platform spanning processing, treasury, and issuing. It is relevant both as acquirer and as the wider platform within which Payable's technology now operates.
- Finastra: Finastra provides large-scale financial software including payments, cash management, and reconciliation modules. While enterprise-focused, it competes for treasury operations workloads similar to Payable's reconciliation automation.
- Finicity (Mastercard): Finicity, acquired by Mastercard, offers bank connectivity APIs for account verification, transactions, and payments. As an incumbent within Mastercard, it competes broadly with Payable's unified API approach.
Direct peers
- Dwolla: Dwolla offers a payment API platform for bank-to-bank transfers, payouts, and reconciliation. It targets the same use case of automating business money movement via a unified API.
- Increase: Increase provides a bank API and payment infrastructure for ACH, wire, and real-time payments with reconciliation tools. It is a direct competitor in the developer-first bank connectivity and operations layer.
- Plaid: Plaid provides APIs that connect applications to bank accounts for payments, balances, and identity. It overlaps with Payable on bank connectivity infrastructure and developer-first financial data movement.
- MX Technologies: MX provides financial data aggregation, connectivity, and money movement APIs for banks and fintechs. It shares Payable's focus on multi-bank connectivity and operational use cases for finance teams.
- Column (formerly Column Bank): Column offers bank-as-a-platform infrastructure exposing core banking APIs, including payment and ledger primitives. It overlaps with Payable on programmable payment operations and reconciliation.
- Modern Treasury: Modern Treasury is a payment operations platform offering APIs and dashboards for money movement, reconciliation, and bank connectivity. It is the most direct functional analogue to Payable's unified API plus reconciliation approach.
Emerging players
- Token.io: Token.io offers open banking-enabled account-to-account payment infrastructure in Europe. It overlaps with Payable's bank connectivity and A2A payment operations focus, particularly in the UK market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights6 records
Customer concentration
Payable social profiles
Digital presencePayable financial estimates
Financial estimateRevenue estimate
Valuation estimate
Payable leadership team
Management profileNumber of profiles
Payable funding detail
Funding detailFunding overview
Funding rounds2 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Payable M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Payable
What does Payable do?
Payable built a payment operations platform consisting of a unified API and dashboard that connects banks and wallets, enabling businesses to programmatically initiate, monitor, and reconcile bank payments. The platform automated what would otherwise be manual, error-prone reconciliation work and gave finance and engineering teams a single integration point across multiple UK banks and wallet providers.
Is Payable a public or private company?
Payable is a private company. It is classified as corporate owned and is currently acquired.
When was Payable founded?
Payable was founded in 2022. It employs 1 to 10 people.
Where is Payable based?
Payable is headquartered in London, United Kingdom, in the Europe region.
How does Payable make money?
One revenue line is on record: payment Operations Platform.
Who are Payable's main competitors?
Broad incumbents on record are Stripe, Finastra and Finicity (Mastercard). Direct peers are Dwolla, Increase, Plaid, MX Technologies, Column (formerly Column Bank) and Modern Treasury. Token.io is listed as an emerging player.
Does Payable have an API?
Yes. Payable offers a unified API that connects banks and wallets, enabling automated bank payments and reconciliation. The API is part of a payment operations platform designed to modernize business payments.
What industry is Payable in?
Payable's product category is Payment Operations / Financial Infrastructure. Its primary akta.pro industry code is FSAGABAH, Payment Reconciliation, Reporting & Settlement Infrastructure, with a secondary code of FSAGABAA, Payment Orchestration Platforms. Its NAICS code is 52232.