Australian global payments provider Verrency announced on Tuesday that it has been selected for Plug and Play’s accelerator programs in the Silicon Valley, Singapore and now in Frankfurt, Germany as the company extends its global reach in the fintech market.
According to Verrency, thousands of start-up companies apply to Plug and Play’s accelerator programs each year before being thoroughly reviewed by Plug and Play executives and their corporate Financial Institution partners. The Aussie fintech has notably passed this test three times in three different countries.
As previously reported, Verrency, which was founded in 2016, stated its payments API platform has been designed to enable financial institutions to innovate more efficiently and effectively through a single connection. The platform works with the institution’s existing payments infrastructure and messaging.
“Verrency’s platform has been designed with Tier 1 financial institutions in mind and works in the background, enabling the Bank to continue to control the consumer journey. Once connected, all our features (and future ones) are enabled in the live payments flow, ensuring instant gratification for the end consumer.”
Speaking about the company’s participation in the Plug and Play programs, David Link, Founder and CEO of Verrency, stated:
“Bank disruption is a global phenomenon with similar payments infrastructure challenges crippling bank innovation in virtually every market. We’re thrilled to have been selected by Plug and Play in Frankfurt, following our selection in Singapore and Silicon Valley. We value the global connections and deal flow – and we look forward to working even more broadly with the Plug and Play team across the globe.”
Saeed Amidi, Founder & CEO of Plug and Play, added:
“It is wonderful to see Verrency thrive and it’s nice to have a hand in helping, not merely with facilities and typical start-up acceleration, but also in facilitating high-value connections and deals globally.”