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ParamTECH logo — Customizable embedded finance solutions for businesses and i...

ParamTECH

Customizable embedded finance solutions for businesses and individuals

Founded 2013 Turkey Turkey 116 employees Series A Fintech

General Information

Company Name ParamTECH
Founded Year 2013
Location Turkey Turkey +1
Employees 116
Industries Fintech
Funding Stage Series A
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AI Insight

Bounce Watch AI
3 weeks ago

ParamTECH recently experienced a significant 16% decrease in its team size, suggesting a strategic restructuring or an efficiency-focused initiative. Despite this reduction, the company is actively hiring for 6 specific positions, indicating a targeted reallocation of resources rather than overall growth, which could impact operational focus and capacity moving forward.

Signal Types
Hiring
Strategic Labels
Workforce Adjustment Strategic Restructuring
Next Move: Reorganization
·
Impact: 7/10
·
Ideal For: Fintech Infrastructure Investors — Series A

About ParamTECH

ParamTECH, founded in 2013 and headquartered in Turkey, delivers customizable embedded finance solutions geared toward businesses and individuals. This fintech enterprise, driven by a robust team of 250 technology experts, specializes in providing comprehensive infrastructure and consultancy services.

ParamTECH's offerings are diverse, encompassing areas such as issuing, acquiring, digital wallets, mobile applications, information security, fraud prevention, artificial intelligence, credit infrastructures, and test automation. They effectively serve both emerging market participants and established industry players, fostering financial innovation and enabling sustainable growth.

In June 2022, ParamTECH successfully secured a Series A investment, signaling positive investor confidence. Esteemed investors such as Revo Capital, Ceecat Capital, European Bank for Reconstruction and Development, and Alpha Associates participated in this round, underscoring the company's credibility and potential in the fintech ecosystem.

Taxonomy: Customizable Embedded Finance, Fintech Ecosystem, Issuing Solutions, Acquiring Solutions, Digital Wallet Services, Mobile Applications, Information Security, Fraud Prevention, Credit Infrastructure, Test Automation, End-to-End Technology Solutions, Infrastructure Services, Consultancy Services, Technology Partnership

Services & Products

Fintech & Payment Systems
Managed Services
Cloud & Infrastructure Services
Business Services
Industrial Hardware Solutions

Target Customers

Fintech Companies Digital Banks Retailers FMCG Brands Corporate Clients

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 4
Investor Investor
•••• •••• 		01 Jun 2022

ParamTECH Alternatives & Competitors

View All Alternatives
ParamTECH vs
Nuvei
Nuvei Canada

Building the infrastructure for every payment, everywhere.

IPO
2673 employees
Finance, Financial Services
Compare ParamTECH vs Nuvei
ParamTECH vs
RS2
RS2 Malta

RS2 is a global payments processor and technology provider, empowering some of the world’s leading b...

500 employees
Financial Services, IT
ParamTECH vs
Aktif Tech Teknoloji A.Ş.
Aktif Tech Teknoloji A.Ş. Turkey

Aktif Tech delivers end-to-end fintech solutions across the entire payments value chain — from issui...

263 employees
Also compare with: ParamTECH vs Mambu Payments (formerly Numeral) Mambu Payments (formerly Numeral) ParamTECH vs One Commerce (Int'l) Corporation One Commerce (Int'l) Corporation View all alternatives

FAQ About ParamTECH

Customizable embedded finance solutions for businesses and individuals
ParamTECH was founded in 2013.
ParamTECH is headquartered in Turkey.
ParamTECH operates in the following industries: Fintech.
ParamTECH has approximately 116 employees.
ParamTECH has completed 1 funding round. The latest funding stage is Series A.
ParamTECH offers: Fintech & Payment Systems, Managed Services, Cloud & Infrastructure Services, Business Services, Industrial Hardware Solutions.
Top alternatives and competitors to ParamTECH include Nuvei, RS2 , Aktif Tech Teknoloji A.Ş., Mambu Payments (formerly Numeral), One Commerce (Int'l) Corporation. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
ParamTECH and Nuvei are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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