Solfy

Solfy is a Fintech startup founded in 2018 with the slogan, "Welcome to the new age of shopping." The company has created a unique international ecosystem involving banks, merchants, and customers. Banks offer loans to customers, who can make purchases using the Solfy mobile app and credit cards backed by free loans to be repaid in fixed monthly installments. Additionally, merchants finance the loan interest, contributing to a win-win scenario for all participants.

The main focus of Solfy is to mitigate the major problems faced by various stakeholders in the ecosystem. This includes enabling banks to sell more credit products with less risk, acquire more clients, and increase the volume of retail transactions. The startup also provides opportunities for merchants to increase sales and customer loyalty, while offering customers the privilege of interest-free loans for happy shopping.

The company operates primarily in the E-Commerce, Financial Services, Fintech, Information Technology, Payments, and Banking sectors and is headquartered in Malta. In its latest milestone, Solfy secured a Seed Round investment on 12th January 2022, with the investment coming from NuVX Capital.