Hands-In, a payments startup that simplifies group transactions at online checkouts, has successfully raised $550,000 from a variety of industry leaders.
Participating in this funding round were representatives from firms such as GoCardless, Thredd, Elavon, FIS, Pay.com, PayU, Curve, and Free Trade.
The Hands-In platform allows customers to split costs within their group, either equally or by item. All members can contribute to the payment simultaneously, and funds are only collected after everyone has confirmed their participation.
Targeting the travel industry, Hands-In highlights that 59% of purchases made by Gen Z and millennial travelers occur in groups of at least three. Traditionally, these group travelers face the challenge of fronting the entire payment on a single card at checkout, which can lead to transaction failures.
The company has established partnerships with various travel agencies and airlines, including Spain’s fourth largest airline. Furthermore, several unnamed payment firms have agreed to incorporate Hands-In’s technology into their platforms.
Samuel Flynn, CEO of Hands-In, stated: “With this investment, we are looking to accelerate Hands-In’s tremendous growth by supporting our global enterprise clients and payment partners. After that, we have plans to broaden the appeal into new use cases and develop new products and services.”