Finnish Card-as-a-Service platform Enfuce is to launch in the UK following a €545 million funding round secured in December, according to Finextra.
Founded in Finland, Enfuce recently expanded its geographic presence in Germany, France, Latvia, Sweden, and the UK and has over 16 million active card users on their platform from whom Enfuce processes close to €1 billion transactions annually.
Denise Johansson, co-CEO Enfuce, comments: “The time is right for Enfuce to transform the UK payment market even further. Smart digital finance and embedded payments are triggering urgent demand for corporate digitisation, and Enfuce is ideally placed to bring our game-changing capabilities, like packaged EMI licensing, BIN sponsoring, programme management, card management and processing, to more companies across Europe.”
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Enfuce offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. Enfuce is a one-stop shop for companies that want to issue cards to their customers, supporting debit, credit, prepaid, gift, fleet and fuel card programmes in any form – plastic, digital and/or tokenised – for consumer, commercial and B2B applications, along with digital wallets. The company also offers a carbon tracking toool for calculating the emissions of transactions.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
