TALLINN, Estonia, September 29, 2021 (GLOBE NEWSWIRE) – European fintech startups are growing rapidly. With strong regulatory frameworks, cutting-edge technology and a vibrant and tight-knit European market, many consider these upstart fintechs to be well-positioned to take on the global financial world.
Founded in 2020, hit by COVID-19, Payoro is a new European fintech startup. Based in Gibraltar and Estonia, Payoro aims to develop open banking technology products, offering B2C and B2B banking technology solutions. Today, Payoro is launching Payoro Connect, a platform that can change the way banking relationships are built.
Martin Osterloh, the new CEO of Payoro, comes from the traditional banking sector. For 13 years he worked as Vice President of Digital Sales at Wirecard Bank. He considers the launch of Payoro Connect to be an essential step in the career of the young company. “With the launch of Payoro Connect, we want to position Payoro as an innovative player in the field of banking technology and embedded finance. Our solution enables large companies to scale quickly and adapt to an ever-changing financial landscape. What used to take days, maybe even weeks, now only takes a few minutes – while respecting the strict rules of the SCA. ”
Basically, the Payoro Connect platform is a bank account management tool, connecting consumers to European financial institutions. Payoro Connect enables dynamic bank account service and money transfer through partnership relationships and innovative financial technologies. According to PSD2, all user information is verified based on Strong Customer Authentication (SCA). Payoro Connect allows international banks and electronic money institutions to focus on what they do best: managing money and building relationships with customers.
Osterloh has high hopes for future products and services. “Payoro Connect is the first product we are launching, but certainly not the last. It makes perfect sense for Payoro to continue its innovation-fueled exploration of the exciting intersection of banking, technology and user experience. The integrated finance market alone is estimated to reach a market value of $ 3 billion by 2030. This is really where we see the opportunity – to lodge ourselves between traditional banks and future consumers and savvy businesses. ”
Founded in 2020, Payoro is a banking technology company with offices in Gibraltar and Estonia.
More information:
Martin Osterloh, CEO of Payoro, [email protected]
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Image 1: Fintech startup Payoro launches Payoro Connect
Fintech startup Payoro launches Payoro Connect
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Fintech startup Payoro launches Payoro Connect
