Sunday December 04, 2022

Top 7 European Fintech Payment Companies

The financial market is constantly growing and traditional payments are being replaced with FinTech innovations. Fintech companies around the globe are offering innovative and unique payment methods that are more efficient that the traditional solutions that have been available for decades. Europe is a pioneer in the technological revolution. Many companies are increasing their user base by offering innovative and functional solutions for customers’ financial needs. Which top European fintech payment firms are defining the market’s future? Here are 7 examples of the best European Fintech Payment companies. Top 7 European Fintech Payment Businesses These companies are not listed in a particular order. However, they are all great examples of future fintech businesses. 1. Truust
One platform for all your smart payments to your digital business. Website: HQ Location: Barcelona, Spain. Year of establishment: 2017 Description: Truust provides smart payments through a flexible and easily integrated platform. This solution allows many digital businesses to manage their payments in the marketplace with flexibility that is not available in traditional banking. FEATURES – Escrow accounts. Split Payments Pay by link. Payment Flows. eWallets. Tokenization. Fraud prevention. Real-time notifications. Accessible dashboard. 2. N26 Bank

The bank account that gives more control. Website: Headquarters Location: Berlin, Germany. Year Founded: 2013. Description: N26, a German Neobank, offers its customers the option to manage their payments through their mobile phones. Customers receive a variety of benefits with each customer plan. These include a Mastercard debit or credit card. Today, N26 boasts over 1,000,000 users in the US and many other countries throughout Europe. FEATURES – Online banking. The app is easy to use. Low-cost currency exchange. No fees for ATM withdrawals (3 per calendar month, anywhere in the world). Instant spending notifications. You can easily block/unblock your card. No fees for international purchases Secure Apple/Google Pay Mastercard 3D. 3. solarisBank

The tech company that holds a banking license. Website: HQ Location: Berlin, Germany Year Founded: 2016 Description: SolarisBank is a banking company that offers Banking-as-a-Service, which companies use to offer financial services on their own platform. The company can develop products that are tailored to their customers’ needs. The technology company is a full bank licence holder. solarisBank, a bank licence holder, is a financial institution that can accept deposits from consumers and businesses and is permitted to perform financial transactions. FEATURES : Digital Banking & Cards. Splitpay. Consumer lending. SME Lending. Settlement account. Pooling account. KYC Platform. Digital assets 4. Tink

Allows banks to offer next-generation banking services including account aggregation and payment initiation. Website: HQ Location: Stockholm, Sweden. 2012 was the year Tink was established. The company has built Europe’s largest open banking platform. It offers strong services and extensive connections that bring value to financial data. They provide tools that allow anyone – bank, fintech, or start-up – to influence the future of European financial services. FEATURES: Account aggregation Account check Payment initiation Data enrichment Personal finance management 5. Klarna

Payment solutions for online stores. Website: HQ Location: Stockholm, Sweden. Year of establishment: 2005 Description: Klarna, a leading payment provider and licensed bank, is revolutionizing the payment experience for merchants and shoppers. Klarna allows consumers to quickly, easily, and securely settle outstanding payments instantly, later, or in instalments. Klarna has over 200,000 merchants like H&M and MediaMarkt, Adidas, MediaMarkt and Expedia. FEATURES – Safe and secure There is no annual fee. Optional payment options with zero percent Automated payment. Simple to use. Reminders for payments Refunds are easy 6. Nordigen

Banks and lenders can build transaction analytics tools. Website: HQ Location: Riga, Latvia. Year of its foundation: 2016. Description: Nordigen, a Latvian fintech company that provides financial services, uses financial data to assist banks and lenders in making credit decisions. They can retrieve basic information about the person or a summary of their income with a single API call. This includes data on projected income and stability. The platform allows banks, lenders, and Fintechs to create applications that can easily sync with customer bank account data, speed-up the customer registration process and verify customer identity. They can also use cleared bank statement data to make informed decision. FEATURES: Aggregation. Transaction categorization. KYC. Insights. Modern and powerful API. 7. Qonto

Small businesses can get online banking services. Website: Headquarters: Paris, France Year of its founding: 2016. Description: Qonto, a digital neobank, was founded in 2016. It is the only bank that focuses exclusively on the business market. Since its inception, it has served over 65,000 clients. Qonto is a great solution for companies who want to optimize and accelerate their banking processes without paying huge fees. There are many packages that can be tailored to suit different companies. The web application also offers excellent services for budget management and accounting. FEATURES Multi-currency Accounts; Corporate Card. Employees, roles and permissions Accounting tools. Security. Extra perks. Customer support. Conclusion: The financial technology revolution in banking and payments has spread to many areas and is having an impact on many other areas. The payments industry is experiencing rapid development. This is due to a strong push for innovation and changing consumer patterns. The rise of new technology has led to an explosion in the number of providers and products that are trying to enter the payments market. One thing is certain: fintech will fundamentally alter the payments landscape and could place banks at disadvantage if they don’t respond. Find your business motivation! First Name* Email* I have reviewed and accepted the Privacy Policy. * Before submitting your personal information, we recommend that you carefully read the following information. Information about data protection: Socialpay, S.L. is the data controller. to send commercial communications. You have the right to access, rectify, delete and limit the processing of your data, as well as to oppose its use and portability, according to the law conditions. This link provides additional information on Data Protection. Subscribe to our Newsletter

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