SOFORT

SOFORT is a German fintech startup, founded in 2005, that specializes in providing seamless online payment solutions for both buyers and merchants across Europe. The company offers a direct payment method through online banking, simplifying the transaction process for users.

With its unique payment system, SOFORT allows for fast and secure transactions without the need to fill in payment details, register, or create a separate account. Users can make payments using their familiar online banking credentials, streamlining the process for both merchants and buyers.

Notably, SOFORT ensures security through double protection, requiring online banking login details and a confirmation code for transactions. Its data processing center in Germany operates under strict banking standards, enhancing user trust.

In terms of investment, SOFORT received funding from Reimann Investors in its last round in January 2007, indicating investor confidence in the company's potential for growth and success in the finance, payments, and banking industries.

Overall, SOFORT's innovative approach to online payments, backed by its strong investor support, positions it as a promising player in the European fintech market, with the potential for further expansion and success in the future.