CashFlows and Enfuce in new partnership
Omni-channel payments expert CashFlows is to provide BIN Sponsorship services to Enfuce, Finland’s fastest-growing Fintech startup*.
The partnership enables the Nordic payment service provider to incorporate card issuing into their extensive range of payments offering. CashFlows facilitates this through its principle membership of all major international card schemes including Mastercard, Visa, Discover, UnionPay and Japan’s JCB.
Enfuce has opted to work with CashFlows because of the two firms’ shared core values around supporting new brands to market, with speed and ease, and removing operational burdens that can often stand in the way of innovation.
Additionally, CashFlows and Enfuce will work together internationally to assist businesses with ambitions to go global.
Speaking of the partnership, CashFlows Chief Operating Officer Jonathan Bennett said: “Shared agility, speed-to-market and simplification of compliance processes means that CashFlows and Enfuce are ideal partners.
“Together we present a compelling proposition to Fintech disrupters and challenger brands and are certain we’ll be seen as champions of these types of business, as well as traditional firms seeking to innovate.”
Enfuce co-founder Monika Liikamaa added: “We looked at a range of potential partners for BIN Sponsorship and CashFlows stood out thanks to their team’s impressive competencies and their strong desire to cut out inefficiencies and reduce complexities around compliance, allowing our customers to focus on what they’re best at.
“We share the same strong desire to onboard clients as quickly as possible. CashFlows also shares our commitment to delivering holistic payment solutions, giving customers a diverse range of transaction methods across virtual and physical platforms.”
In addition to BIN Sponsorship, the business provides a range of payment services such as acquiring and payments processing. Enfuce enables everything from prepaid to debit, credit and instalment, fleet cards to tokenised payments.
*Enfuce is listed as Finland’s fastest growing Fintech startup by Helsinki Fintech Farm https://www.helsinkifintech.fi/news/biggest-fintech-companies-and-startups-in-finland
CashFlows’ payment solutions enable businesses to accept multi-channel payments from all major international card schemes, plus issue our innovative prepaid products to customers.
At the heart of our operation is our cloud-based platform, providing a flexible and scalable foundation for our services. We tailor our offerings to specific sectors and have a partner-led, go-to-market approach. At CashFlows decision making is quick; development is collaborative, and staff are experts in their fields.
CashFlows provides BIN sponsorship services to over 38,500 ATMs in several European countries.
CashFlows is regulated by the UK Financial Conduct Authority as an electronic money institution, and is a principal member of Visa, Mastercard and other major international card schemes.
Enfuce offers payment and open banking services to banks, fintechs, financial operators, and merchants. By combining industry expertise, collaborative partnerships and compliance, they are delivering long term and scalable solutions fast and secure. Established in 2016, Enfuce employs over 50 driven professionals in the Nordics and has over 8 million end-users in their platform.