29. Paynetics

Company: Paynetics

Founders: Ivo Gueorguiev and Valeri Valtchev

Website: https://www.paynetics.digital/



About Paynetics


Paynetics is a leading provider of embedded finance solutions across the EU and the UK. Founded in 2017 by financial sector veteran Ivo Gueorguiev and serial entrepreneur Valeri Valtchev, Paynetics is a dual-regulated e-money institution that is able to serve in Europe and the UK. Paynetics meets the complex payment and Banking as a Service needs of its B2B and B2B2C customers via its micro-service platform, including card acceptance and issuance, across mobile and e-wallet, online, digital and physical cards, and POS channels, as well as account management and transfers.

Paynetics is leading the way in helping all businesses from large corporations to innovative fintechs to embed financial capabilities into their offering through its functionally rich API platform, white-label templates and outsourced regulated services. In this way, businesses can focus on promoting customer stickiness and loyalty as well as generating additional revenue while Paynetics takes care of the back-end processes and regulatory requirements. Given the breadth of Paynetics’ offering, they have supported businesses in a number of ways.

– For AI Wallet Paynetics supported with acquiring, bank accounts, e-wallet, issuing and QR payments, enabling the fintech to provide financial services to its clients within 4 months.

– For Benamic, a technology-led promotions company, Paynetics provided card issuing capabilities and the ability for cardholders to fully manage their card/account via the Paynetics app. The ability to use Google Pay and Apple Pay was also incorporated into the solution.

– For TBI Bank engaged with Paynetics for the development of a new online portal for loan repayment. Paynetics ensured a direct integration with the online portal, which shows the clients liabilities and ability to pay with a few clicks. This was enhanced with tokenisation services and fully customised payment page for both web and mobile. The final product gave TBI the opportunity to be part of the global trend of increased digital payments.

Paynetics is a principal member of Mastercard, VISA and UnionPay International, supports SWIFT and SEPA and offers both European IBAN’s and UK Sort Codes. Paynetics tech combines ease of use with some of the most sophisticated digital solutions for tokenization, such as Apple Pay and Google Pay.