Ireland
Prommt is a Dublin-based startup established in 2017, specializing in the pay by link market. The company offers a robust payment request solution, expanding its services to the UK, Europe, and North America. Prommt has gained the trust of leading global brands in sectors such as automotive, hospitality, luxury retail, and builders merchants. The introduction of open banking payments, known as Pay by Bank, in 2022 has paved the way for the company's expansion, and by 2023, its capabilities included orchestrating card or bank payments via web, in App, or traditional messaging channels.
With its API seamlessly integrating bank and card payments, Prommt aims to drive significant savings at scale and increase profitability. The company is well-equipped to cater to enterprises requiring to collect higher value payments, boasting an average payment success rate above 90%. Clients have reported a remarkable reduction in card fees of almost 88% after implementing Prommt's solutions. In recognition of its innovation, Prommt was awarded the Best Open Banking Service Initiative by the Global Payments Innovation Awards in 2023.
Operating in the industries of Finance, Fintech, Information Technology, and Payments, Prommt’s focus on addressing the challenges related to payment collection, such as unpaid transactions, payment operation costs, fraud, and time spent chasing payments, has positioned the company as a reliable partner for businesses across various sectors. The absence of current investment details suggests potential opportunities for venture capital in supporting Prommt's growth and expansion initiatives.
