Founded in 2010 by Sandy MacAngus and Richard Smith, Payen is a specialist digital Payment Service Provider, providing secure consumer payment processing for medium and large companies across mobile and internet-based channels.
Combining its proprietary technology platform (PCI DSS accredited) and eMoney Institution status, Payen provides a highly differentiated service offering to online merchants, targeting key areas such as funnel conversion, payment acceptance rates, fraud and charge back rates, and regulatory requirements. Via its pinPay and Bank.It solutions, Payen is already processing payments in over 50 countries globally across mainstream and alternative payment methods.
Souter Investments is part of a syndicate, led by Magenta Partners, that backed the Payen strategy in 2018.