Fintech Orca has signed a partnership with MisterTango. Orca wants to be a bridge between crypto and traditional finance or “one app to build your own bank.” MisterTango is a payments platform. The agreement enables ORCA to have the ability to develop solutions for SEPA payment account creation using technology via MisterTango. The partnership will allow ORCA to set up SEPA accounts and initiate payments on behalf of platform users for a fiat and crypto experience inside the same digital application.
SEPA or “Single Euro Payments Area” is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro.
In the future, ORCA expects to be able to issue debit payment cards. Cooperation with a licensed e-money service provider is expected to open more doors for the ORCA project.
MisterTango is said to be one of the fastest growing payment processor enterprises in the region and has grown more than 20 times in revenue and scope over the last year.
ORCA’s CEO Natan Avidan said that having a “rising star” like MisterTango is a big deal for their firm.
“The ability to open SEPA accounts also greenlights our plans to issue ORCA card, a service our community is eagerly looking for. Our team will start working on it ASAP. It’s the first significant partnership for ORCA outside the cryptocurrency space.”
“ORCA is entering the market at an exciting time to bridge traditional payments with the world of cryptocurrency. We see it as a huge opening to attract new clients. The digital coin market is expanding, and anyone able to offer ways for easy portfolio management will be on demand in the market”, said Gabrielius Bilkstys, business manager of MisterTango.
Orca recently completed the first round of an ICO that raised $1.5 million. A second round is scheduled for October.