The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

Payaca moves to Bristol's Engine shed to boost growth

25 October 2022
Share
Bristol Fintech company payaca

Bristol-based tech company Payaca is relocating to the enterprise hub at Engine Shed.

At Payaca’s new home the growing business joins a number of other tech startups including Neighbourly, TechSPARK, HdE Agency, Zeetta Networks and Firehaus.

Payaca, founded in 2018, focuses on helping service businesses maximise the value of every customer relationship. Its software combines a sales CRM with job management features, enabling businesses to organise and manage field-based teams.

Last September the fintech secured £331k in investment from Gloucester-based Blackfinch Ventures.

And that investment in the Bristol company follows  £400,000 in funding announced the previous June, £212,500 from local entrepreneurs from the Bristol Private Equity Club (BPEC) and £128,000 of further funds from Cambridge-based venture capital firm, SyndicateRoom, with the rest of the round made up of individual investors. 

The trade industry is seriously technologically under-serviced and Payaca is working to help these businesses sell more at higher values while automating unnecessary manual processes.

The Bristol tech company has seen considerable success. With a team of 11, they now serve several hundred businesses spanning multiple industries. Their big focus is in the UK but they have recently expanded to serve the US, Canada, Australia, New Zealand and South Africa.

Matt Franklin, CEO and Founder of Payaca said of their move to Engine Shed “We really love what Engine Shed stands for, providing a fantastic workspace that encourages cooperation and innovation and fosters a great atmosphere for startups like ours.”

“We also value the work Engine Shed does to invest in meaningful projects, which align with our values of transparency, taking action and simplicity in design. The fact that Engine Shed is so involved in the community and its links to the University of Bristol is a big plus for us.”

“On top of that, the office space is situated in a great location, just a stone's throw from Temple Meads station. As a company that’s fully office based, having a quality space to work in that’s easy to get to is important to us, so we're thrilled to be here.”


Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

Related topics

Related articles

Upcoming events

view more
01
May

South Coast Property Forum: Networking Lunch

Ennios Ristorante
Southampton
More info
23
May

Thames Valley Tech Forum: Networking Drinks

Malmaison Hotel
Reading, RG1 1JX
More info
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles