Payconiq, a Luxembourg-based fintech, announced this week it secured €20 million through its latest investment round led by its existing shareholders. Founded in 2014, the mobile payments platform claims it has built a sustainable ecosystem through an open-API approach and flexible microservices, focusing on consumers, merchants, and banks. The startup is also a member of the Luxembourg House of Financial Technology.
“We’re a European payments FinTech active in BeNeLux. With the support of major European banks, we lead the transformation of the mobile payment industry through an open-API approach and flexible micro-services.”
While sharing more details about the company, Duke Prins, CEO of Payconiq, stated:
“At Payconiq, we believe that every person owning a bank account and a smartphone is entitled to be part of the digital journey – no need of a credit card for that! We wanted to keep it simple and safe and we found a way of doing it while using what is already available. We’re actually using banks’ secure infrastructure to provide everyone in Europe with a simple, mobile solution for payments.”
Payconiq also claims that more than 60,000 merchants across Belgium, Luxembourg, and the Netherlands use its secure, plug-and-play platform. The company added:
“Payconiq’s surprisingly simple mobile payments provide a full omnichannel experience based on the existing bank infrastructure. Users only need a bank account and a smartphone to securely pay their friends, their invoices, instore or online shopping.”