Paynetics, founded in 2005 and headquartered in the United Kingdom, positions itself as a leader in the Financial Services and Payments industries by offering a comprehensive digital banking platform. With the slogan "Simplifying payments: Issuing, acquiring, IBAN accounts, money transfers, digital banking platform, SoftPOS. Together.," the company aims to merge traditional financial trust with fintech innovation.
As a "regulated fintech," Paynetics provides a suite of B2B services including card issuing, acquiring, and fully functional IBAN accounts through principal memberships with Mastercard, VISA, SWIFT, and SEPA. Their solutions are designed to streamline market entry times for clients, particularly in e-commerce and card program launches.
The company's last disclosed funding was a €2.50M Venture Round in March 2020, backed by investors such as New Vision 3 Fund and Bulgarian American Credit Bank. Paynetics is developing an alternative payment ecosystem, featuring interoperable solutions like white-labeled eWallets and a unique Android-agnostic Software Point of Sale. This positions Paynetics as a compelling option for investors seeking to capitalize on fintech's evolving landscape.