Mynt, the innovative Swedish fintech, has selected Enfuce, one of Europe’s leading fintechs, as its payment service provider. Through the partnership with Enfuce, Mynt will be able to expand its Visa* corporate card and expense management solution to high-growth European businesses.
As experienced entrepreneurs, the Mynt founders set out to address the pain points for business owners. Their goal was to simplify and automate time-consuming tasks for entrepreneurs, including expense management, cashflow and spend management – which resulted in Mynt.
“For Enfuce, it has been an absolute pleasure working with Mynt – when the agile, knowledgeable business teams from both sides came together, it was the perfect partnership for a smooth and fast implementation.”
As a result of a productive collaboration between the agile companies’ teams, Mynt is able to onboard new customers in minutes and give them access to powerful tools such as virtual cards, spending limits, and expense management features. The next-generation B2B credit card solution includes flexible account structure (with multiple cards per account), cutting-edge fraud management, and real-time transaction monitoring that will increase transparency in SME business expense management.
“For us, finding common ground between the tech teams was the most important factor when we made our decision. I believe we have worked as true partners in this project and it is a pleasure to continue working together.”
Mynt’s solution targets high-spend businesses with premium features, such as an unlimited number of virtual and physical cards, support for larger teams, and excellent expense management, meeting the needs of high-growth businesses.
Mynt has had strong traction in Sweden (and soon beyond) since the launch – and to ensure superior service to its clients, Mynt is currently prioritising high-spend businesses. Earlier this summer, Mynt was authorised as an E-money Institution by the Swedish Financial Supervisory Authority (SFSA). The E-Money license enables Mynt to further strengthen its product offering and expand into new markets during the coming months.
As two ambitious companies focusing on creating the best customer experience and striving to excel in our respective industries, it was easy for us to find common ground and quickly move towards reaching shared goals. We are excited to take our collaboration further in 2021 and beyond”, Johansson says.
*Visa is a registered trademark of Visa International Service Association.
For more information
Co-Founder and CEO at Mynt
+46 72 507 4101
Co-Founder, CCO and Deputy CEO at Enfuce
+358 40 079 4121
Mynt is a Stockholm-based fintech and E-Money institution that offers smart corporate credit cards and expense management solutions to high-spend businesses.
Enfuce offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. By combining industry expertise, innovative technology and compliance, Enfuce delivers long-term and scalable solutions quickly and securely. Founded in Finland, Enfuce recently expanded its geographic presence in Germany, Latvia, Sweden, and the UK and has over 16 million active card users on their platform from whom Enfuce processes close to €1 billion transactions annually.
Enfuce has raised multiple rounds of venture capital funding and has been recognised by e.g. TheFinTech50, Visa Fintech Fast Track programme, Mastercard Lighthouse Development Programme, Deloitte Technology Fast 50, and as winner of the 2019 PayTech Award for “Best Payments solution for Payment Systems in the Cloud”.
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