The Antwerp-based company raised EUR 830,000 in a funding round from angels from Be Angels and BAN Vlaanderen, bringing the total funding to EUR 1.9 million.
The company will use the money to expand in Belgium and internationally. Additionally, the funds will go towards developing the company’s services, particularly regarding its ability to adapt to the changing conditions of the payments marketplace, such as PSD2 and instant payments.
According to POM, “ease of payment for end users and cost efficient customer invoicing for companies take center stage in the development process” of the company’s services.
Co-founder and CEO of POM, Johannes Vermeire, said the extra funding from Be Angels and BAN Vlaanderen fortifies their go-to-market plans and “allows us to further refine our invoice payment solutions. In this way, more people will be able to enjoy the ease of paying via POM and will be redeemed from time-consuming paperwork”. Accounts receivable will also benefit from this upgrade in solutions, he said.
In additional to the extra funding secured recently, POM also signed a strategic agreement with a major financial services provider.
POM and the National Bank of Belgium are also working on securing a payment intuition license for some of the payment services in the company’s mobile app. Until this issue is resolved, users cannot use these services in the app. POM expects the problem to be solved shortly.