Paynetics

Paynetics is a leader in B2B payments and a digital banking platform provider, aiming to simplify payments in the Financial Services and Payments industries since its founding in 2005. As a regulated fintech, Paynetics holds the trust of being an e-money institution and principal member of Mastercard, VISA, SWIFT, and SEPA while embracing the innovation of a fintech. The company's comprehensive offerings include issuing, acquiring, IBAN accounts, money transfers, and a digital banking platform, SoftPOS. Paynetics' one-stop solution combines quick onboarding and robust processing technology in e-commerce acquiring. They provide a wide range of options for card issuing, offering features like digitalized mobile phone cards, loyalty programs, rewards, and parental control. Their BIN sponsorship services facilitate the rapid launch of card programs, significantly shortening the time to market. As a principal member of SWIFT and SEPA, Paynetics offers fully functional IBAN accounts with the same facilities as regular bank accounts, reducing administrative costs and complexity. The company is also developing an alternative payment ecosystem, including interoperable white-labeled eWallets, QR payments, and the world’s first Android-agnostic Software Point of Sale (POS). The last investment of €2.5M Venture Round was secured on 27 March 2020 from New Vision 3 Fund and Bulgarian American Credit Bank. With a team of payment expertspayments challenge, offering simplified payments and a multitude of services to greatly improve the implementation time, ultimately benefiting their clients' time to cash.