Last year, Plexian announced a partnership with Fitness 24/7 ensuring the introduction of their loyalty programme for 300,000 users. The Swedish fintech is developing Edge, a product that uses transaction data from prepaid Visa cards to create truly relevant campaigns for customers. Edge makes campaigns available through all channels, both digital and physical.
To make sure Plexian carries on its promise to deliver innovative and groundbreaking services, the fintech has signed a strategic partnership with payment service provider Enfuce, one of Europe’s leading fintechs based in the Nordics.
“Our dialogue and collaboration with Enfuce have been great from the very beginning. They understand our business and they do business the same way as we do, which has enabled us to work closely together. By combining our experience and ambitions with their vast strategic knowledge, we are certain that we will deliver state-of-the-art loyalty and payment solutions to our partners and customers,” said Staffan Mattson, CEO at Plexian.
Enfuce’s turnkey Card as a Service (CaaS) offering makes it possible for fintechs and banks to quickly issue secure and scalable payment cards, no matter where they operate. Enfuce CaaS supports various use cases and can be quickly integrated as a part of your customers’ core user experience.
“Plexian is a forerunner in customer loyalty solutions, and we are excited that they have chosen us as their partner. Plexian’s understanding of customer needs, innovative thinking and a collaborative approach are shared by Enfuce. It’s great to work together to develop an excellent user experience where payments play a key role, ” said Mikko Nurminen, Head of Sales and Marketing at Enfuce.
Enfuce will also handle fraud monitoring, disputes and chargebacks as well as the BIN relationship for Plexian. Based on the Edge platform, Plexian will continue to launch partnerships with co-brands in different segments to provide their payment and loyalty solutions for more companies. Plexian is also implementing the latest digital payments features, such as buy-now-pay-later solutions as well as virtual cards, Google Pay and Apple Pay in the next six months.
*Visa is a registered trademark of Visa International Service Association.
For further information, contact:
Mikko Nurminen, Head of Sales and Marketing, Enfuce, email@example.com
Staffan Mattson, CEO, Plexian, firstname.lastname@example.org
Plexian is a fintech company that was established in 2017 with a focus on delivering customer values and business opportunities based on open banking. The company has developed a transaction-based loyalty platform – Edge – that generates exclusive and attractive offers for users that make transactions with the Visa card that is connected to the Edge app. The data that is generated will make it possible to provide the user with tailor-made offers to improve daily consumption while providing a win-win-win solution for the parties involved.
Plexian AB is listed on Nasdaq First North in Stockholm.
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 and France 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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