5 years 2016-2021


Enfuce was founded

Enfuce Financial Services Ltd. was born and the shareholder agreement between the five founders was made on the 20th of June, 2016. Enfuce was founded by five co-founders:

Monika Liikamaa, CEO
Denise Johansson, COO
Niklas Apellund, CTO
William Ekström, Chief Architect
Tom Gråhn, CBDO


First customer project

One week after Enfuce was founded, we signed our very first customer project with St1, a forerunner in the energy sector.


"We’re gonna do our everything to get over the finish line. We’ll carry you through it, if we have to."


First employees were employed

Enfuce’s first DevOps Engineer Johan Sirén started in January 2017.


First customer outside the Nordics and Europe

International Smart Card signed a one-year deal with us in 2017, and in 2018 it was extended to a three-year deal. We migrated 5 million payment cards in record-breaking time – in only three hours!

Customer story


"I said YES before even knowing what we were about to do."


Enfuce customer among the first to launch Apple Pay in the Nordics

St1 became one of the first in the Nordics to launch Apple Pay, changing the way people pay for their fuel.


First in the world to be certified while running our service in public cloud

In June 2018, we became the first financial service provider in the world to be PCI-DSS certified while running our service in public cloud, taking down barriers to enter the digital payment world.

– What would it take to make card issuing faster and more scalable?
– We’d have to take it to the public cloud.
– It can’t be done, no one’s done it and no one’s there…
– Exactly.
– So let’s do it!

Press release


Winner of Mastercard Lighthouse program

At Slush 2018 held in Helsinki, Finland, we won the first-ever edition of the Mastercard Lighthouse Program, and have been taking the payments world by storm ever since.

Read article

"We’re all mothers, entrepreneurs, fathers, developers, salespeople, spouses, runners, techies, businesspeople, sons and daughters."


Finland's biggest fintech startup

On the 14th of August, 2019, Helsinki Fintech Farm announced that Enfuce is the biggest fintech startup in Finland with revenues adding up to over 4 million euros.

Press release


"You’re in for the rollercoaster ride of your life, so you better come prepared!"


Launched open banking services

In September 2019, we launched our Open Banking Compliance service, including APIs, sandbox test environments, consent management, fraud monitoring, dispute handling and compliance reporting.

Press release


10 million euros in funding

In 2019, we announced our funding round of 10 million euros, led by the early-stage VC firm Maki.vc and including venture debt from Nordea, LähiTapiola and Finnvera.

Press release


Launched My Carbon Action

On the 21st of November, 2019, we launched My Carbon Action, the first-ever carbon footprint calculator based on country-specific scientific data and individual lifestyle choices.

Press release


Enfuce approved as an authorized payment institution

On the 26th of May, 2020, Enfuce became accredited as an authorised payment institution by the Finnish Financial Supervisory Authority (FIN-FSA), enabling customers to perform account information and payment initiation services.

Press release


"we don’t do shit, we get shit done"


Listed among 50 European fintechs to watch in 2020

The FinTech50 announced that Enfuce is one of the European fintechs to watch in 2020. We were selected from over 2,000 fintechs by investors, buyers and champions of innovators in the sector.

Press release


Enfuce backed up by Tencent in Series B funding round

In December 2020, Enfuce raised 5 million euros in Series B funding round from Tencent. With the investment, Dr. Ling Ge, Chief European Representative and General Manager at Tencent joined Enfuce’s Board of Directors.

The Series B funding round, including another 2 million euros invested by Maki.vc, was announced in its entirety on the 17th of March, 2021.

Press release


The pandemic

Despite the global pandemic, we were able to keep thriving and taking the payments world by storm. 
Since the pandemic began, our headcount has 
grown by around 50%!


Visa partnership to enable fintechs to issue cards in just 8 weeks

On June 3rd, 2021, we announced our partnership with Visa to enable European fintechs to launch their own payment card offerings cost-effectively in only 8 weeks.

Press release


10 million end users

Currently we have 10 million end users on our Enfuce platform, 30+ customers in 16 countries, and have 70+ employees from 10 different countries. And we’re growing constantly!

Check out our open positions below.

Open positions

"Guess what?? I'M STILL HERE!"