Digital Payments News

Synalcom Merges with Cutting Edge Startup Qori to Launch Sylq – An All in One Merchant Payment Platform

Synalcom Merges with Cutting Edge Startup Qori to Launch Sylq - An All in One Merchant Payment Platform

Synalcom, one of France’s biggest electronic payment solutions and services providers, has merged with cutting edge mobile-first payments fintech Qori to launch Sylq.

The merger propels Sylq to the top of the payments industry as one of the leading multi-channel players in the European market. The new firm will provide businesses with a unique integrated payments offering, supporting purchases by card, bank transfer and crypto currencies on any payment terminal or Android and iOS device, whilst also enabling remote and online payments. Sylq will supply, personalise, support and maintain terminals across Europe.

Sylq is built on a strong foundation of extensive market-experience and technical know-how – thanks to the complementary strengths and unique propositions of the companies that created it.

Launched in 2007 by Tony Delalande, Paris based Synalcom has become a powerhouse in the French payments sector. The firm provides retailers, merchants, healthcare professionals and banks with a wide range of payment products and services, including a large variety of payment terminals and accompanying infrastructure. Synalcom currently supports over 20,000 businesses in France and has deployed over 230,000 payment terminals.

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This extensive market reach provides Sylq with direct access to a large customer base, whilst Qori contributes a revolutionary fintech platform providing businesses with a cutting-edge payments experience. Sylq’s offering will be one step ahead of the competition, becoming the go-to payments platform for all European merchants.

Founded in 2021 by serial fintech entrepreneurs Alain Falys and Daniel Maurice-Vallerey, Qori has crafted a cutting-edge payments system that enables merchants to accept card, cryptocurrency and bank payments on any payment terminal or mobile device, via a single app utilising QR codes and NFC technology. The platform also allows businesses to effortlessly integrate loyalty incentives and rewards, enhancing customer retention. This offering combined with Synalcom’s market reach and full service approach will ensure that Sylq becomes the payments platform of choice for businesses and merchants across Europe.

Commenting on the merger, Tony Delalande, President of Sylq, said: “Sylq will revolutionise the European payments landscape, directly challenging Adyen and Stripe. As a brand new offering for businesses and merchants, Sylq combines pay by bank, payment by cryptocurrency and high-value card payments, whilst also integrating engagement and loyalty schemes in a revolutionary 4-in-1 mobile application and an e-commerce platform. Sylq provides merchants with point-of-sale terminals, payment platforms and assisted onboarding alongside 24/7 support in French and English. With over 150 employees and a customer-centric approach, Sylq is the market leading all-in-one business partner available in every European country.”

Daniel Maurice-Vallerey, CEO of Sylq, said: “This is one of the most impactful mergers in the world of payments in recent times. As a cutting edge payments leader Sylq has the technology, client base, financial strength and leadership expertise to provide a unique offering to European merchants with unparalleled flexibility. Sylq will offer retailers three distinct types of payments both in-store and online, and facilitate reward engagement through one action saving businesses precious time and money.”

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As one of France’s youngest and most innovative startups with a European focus, Qori has quickly established itself as a pioneering mobile payments platform. Qori’s technology allows brick and mortar and online merchants to cost-effectively accept payments through open banking, cryptocurrencies and card payments as well as enabling engagement rewards. The startup was founded by fintech veterans Alain Falys and Daniel Maurice-Vallerey, and offers cost competitive payment solutions, combined with highly effective customer engagement features.

Synalcom, founded by Tony Delalande in Paris in 2007, provides retailers, merchants, healthcare professionals and banks with a wide range of payment products and services. The company sells and rents a large variety of payment terminals and supplies the accompanying infrastructure. Supporting over 20,000 businesses with over 230,000 payment terminals deployed, Synalcom is a leader in the French payments industry.

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