SumUp just acquired Paysolut …
The mobile payments company SumUp has just acquired Paysolut. Paysolut will remain independent in terms of management, but will now have access to the added muscle of a company with 3 million customers in 32 global markets.
We’ve already been working with SumUp for more than 2 years. Together we’ll be able to build even stronger tech-based banking solutions and have an even bigger impact on the future of fintech.
… and here’s why it matters
For too many customers around the world, banking is stuck in the past – slow services, high fees and zero flexibility. There are plenty of innovators out there with great ideas for agile banking solutions. But creating and deploying these solutions takes time and investment.
That’s where we come in.
Our white-label banking platform is like a turbo boost for fintechs, helping them get their solutions to market faster and at lower operational costs. Now, with the support of a global player, we can do even more to accelerate the banking revolution.
Taking fintech further, faster
Our composable banking technology is at the bleeding edge of fintech development. And, with SumUp’s backing, that’s exactly where we intend to keep it.
- New products: We already provide core banking software that enables our clients to offer financial services like cross-border payments, IBAN issuing, and currency exchange. And we are developing exciting new products for launch in 2021…
- New markets: We already partner with clients from 4 different continents, and have ambitious plans to enter new markets around the globe.
- New team members: We are rapidly growing our dynamic, talented team. In 2021, we’ll be adding ambitious engineers, product owners and HR specialists.
“Becoming a significant part of a global player like SumUp gives us the opportunity to strengthen our products and present them to a much larger number of customers worldwide. We are happy that solutions created in Lithuania will have a global impact.” Vytenis Pavalkis, co-founder, and CEO of Paysolut.