202330 Nov

Finland’s issuer processing company Enfuce raises €8M for growth in key European markets

Summary

Philip Konopik, Regional Managing Director, Nordics and Baltics, Visa, says, “This investment in our partner Enfuce, will allow them to grow their current business within issuer processing and BIN sponsorship by accelerating innovation though making Visa’s solutions widely available to the payment’s ecosystem.” Monika Liikamaa, co-founder & co-CEO at Enfuce adds, “Since our inception, we have been committed to rapidly scaling up to ensure the widespread deployment of our modular, scalable and advanced payment solutions that significantly simplify our customers’ lives.” “With Visa’s investment, we will continue to bring our bold vision of shaping the future of embedded finance to life.” Enfuce aims to fuel its next growth phase, focusing on winning in the enterprise segment. It’s the continuation of an extensive and productive partnership between Visa and Enfuce.” “Collaboration stands at the core of our Nordic DNA and we’re empowered to continue focusing on uniting visionary minds and cutting-edge technology to create secure, scalable solutions that fuel innovation with the unwavering support of Visa,” adds Johansson. This allows fintechs, banks, and non-financial brands worldwide to offer cards, digital wallets, and embedded finance solutions in a secure and streamlined manner. Enfuce’s modular issuer processor solutions are in high demand as businesses seek to integrate embedded financial products for competitiveness. Processing nearly €2B in transactions annually, Enfuce claims to have become a key strategic partner for transforming payment flows and driving business growth.

Source: Siliconcanals

Funding

$8.73M
Amount
Nov 30 2023
Date
-
Investor
Enfuce
Company

Classifications

Companies