Rupert Lee-Browne is the founder and CEO of Caxton, a payments company that provides tools for businesses and individuals to move money.
Lee-Browne founded Caxton in 2002 – making it one of the UK’s early fintechs – with £25,000 in capital and a “borrowed office and telephone line”. Caxton’s platform, which is powered by open banking, processes 8.6 million transactions every year.
Its API enables every payment type, including payroll, international money transfers and foreign exchange.
The London-headquartered business, which is regulated by the FCA, acquired pre-paid pocket-money card and app Nimbl in early 2023 from ParentPay.
In this week’s Founder in Five Q&A, Lee-Browne explains why it’s risky for startups to take funding early, why company diversity can’t be achieved without its leaders promoting it, and reveals the best early hire he made....