British mobile payments app Flypay raises £1 million in funding

Early-stage mobile payments app Flypay has announced it has closed £1m from venture capital firm Entreé Capital to support its roll out across the UK. London-based Flypay is a free-to-use app which claims to end the “10 minute restaurant bill chase” by making it easier and quicker to pay for a bill at the end of a meal. Users are able to view their bill by scanning a unique on-table QR code and if wishing to split the bill, can use their smartphone to check, split and pay the amount in less than a minute.