phyre

phyre JSC is a Bulgarian fintech startup offering a versatile mobile wallet app. Founded in 2015, the company’s slogan "phyre is a mobile wallet app for shopping, storing loyalty cards, sending/receiving money, and budget tracking" underlines its multifaceted offering. The app essentially transforms smartphones into digital wallets, facilitating convenient online and Point of Sale (POS) shopping. Users can also store loyalty cards, transfer money without fees, and easily track expenses and manage budgets.

The company secured a significant €1.55M venture round investment on 27th March 2020 from Bulgarian American Credit Bank and New Vision 3. This injection of funds underscores investor confidence in phyre’s innovative approach to mobile payment and wallet solutions.

phyre’s ability to offer a one-stop solution for various financial and shopping needs positions it favorably within the competitive fintech space. With its user-friendly interface and wide range of features, phyre is tapping into the growing demand for seamless mobile payment and budget management solutions. The successful investment round further validates its potential for growth and market penetration.