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Enfuce wins ‘Mobile Payments Award’ at the prestigious FF Awards

6 minute read

  • Enfuce was selected over Fiserv, Giesecke+Devrient, Vesta Corporation and Wallet Factory to win the coveted category at The FF Awards 
  • Win recognises the company for its fully cloud-based Cards as a Service (CaaS) innovation and is a testament to Enfuce’s recent growth and expansion
  • The female-driven, cloud-native, carbon-conscious issuer processor empowers companies with new services delivered through agile APIs, full scheme and regulatory compliance, and cost-effective pricing 

Enfuce, the European card issuing and processing powerhouse, has won the coveted FF Award for Mobile Payments. Recognised for its fully cloud-based Cards as a Service (CaaS) innovation, Enfuce was selected as winner of the category over Fiserv, Giesecke+Devrient, Vesta Corporation and Wallet Factory. 

Enfuce’s CaaS innovation also empowers B2B and B2C companies to issue mobile-based virtual prepaid, debit and credit cards directly in digital wallets, enabling users to start paying instantly. This recognition marks an important moment for the company as it continues its growth and expansion into new markets through 2022 and beyond.

Denise Johansson, Co-CEO and Co-Founder at Enfuce, commented: “We’re delighted that Enfuce’s contribution to the mobile payment revolution has been recognised by the FF Awards. Enfuce was the first in the world to fully move card issuing to the cloud, and with our turnkey service model, packaged BIN sponsoring, and all regulatory compliance taken care of, Enfuce is a one-stop shop for all companies that want to issue virtual cards or offer embedded payments to their customers.”

”Our turnkey mobile app has played a significant role in attracting clients, who know how important it is to offer mobile payments to customers, and to integrate with popular digital wallets such as Google Pay and Apple Pay. But the time, resources, and expertise involved in developing an app is a challenging journey to start from scratch, particularly for companies not experienced with payments. Enfuce’s MyApp is a ready-to-launch card management app, with no coding or integration required as Enfuce handles everything from development to maintenance.

With the ability to add new features and modules instantly to card programmes through the cloud, Enfuce’s mobile payments capabilities can be scaled up according to business need on demand, including value-added services like loyalty programmes, and new currencies for multi-country use. Enfuce’s mobile CaaS is suitable for a wide range of use cases, including consumer, commercial, fleet, travel, payroll and gift applications. 

Combined with Enfuce’s MyApp, an easy-to-use tool that can be white-labelled with business branding and style, and available on both iOS and Android, card users can manage their cards and check transaction details on the go, and enjoy seamless payment experiences with Enfuce running operations in the background.

Monika Liikamaa, Co-CEO and Co-Founder of Enfuce, added: “Enfuce winning this prestigious industry award is a perfect example of how we’re removing complexity from processing, and giving companies everything they need to start offering mobile payment services to their customers – quickly, securely and effortlessly. We’re delighted with Enfuce’s success so far, and we know the future is bright as more companies across Europe look for reliable, responsive and revolutionary capabilities.”

Established in 2016 in Finland, and already the trusted number one issuer processor for more than 35 partners, including Danish fintech Pleo, small business finance provider Qred, and payment institution Rocker, Enfuce can launch CaaS for businesses in just eight weeks, an unrivalled onboarding timeframe compared to other providers that typically take up to six months to get partners up and running with embedded payments. Key applications for Enfuce’s services include expense management, neobanks and fuel retailers, as well as providing corporate and consumer lending and customer loyalty programmes. To date, Enfuce has supported 16 million cardholders and processed more than €1 billion in transaction value annually.

Being the first financial service provider in the world to be PCI-DSS certified while running its service in the public cloud, Enfuce is a uniquely scalable payments processor that is lighting the way for the mobile revolution in payments. Its success at this years FF Awards is a testament to Enfuce’s technology that supports debit, credit, prepaid, gift, fleet and fuel card programmes in any form – plastic, digital and/or tokenised – for consumer, commercial and B2B applications, along with digital wallets. 

This award recognition is the latest in a series of triumphs for Enfuce, that earlier this year won Best Corporate Cards Initiative at the PayTech Awards and was shortlisted for the Best B2B Payments Programme at The PAY360 Awards, both with its partner Pleo, the smart corporate card company. 

The win also comes hot off the heels of Enfuce’s recently secured €45 million in Series C funding from Vitruvian Partners, a global investment firm which is intent on supporting the most ambitious, high-growth companies. Enfuce is using the funding to kickstart its expansion across Europe and become the go-to payments partner companies in every sector, as embedded finance opportunities open up to meet urgent consumer and business demand. 

Tom Dickinson, Senior Producer at The FF Awards, explained: “With its top industry expertise, comprehensive turnkey card issuing service and commitment to customer service, Enfuce is a deserving winner of Mobile Payments FF Award. With Enfuce, customers can be certain that they have access to underbanked and wider customer bases, backed up by a high-performing processing platform. I look forward to seeing how Enfuce continues to innovate and serve its customers in the future.”

The FF Awards are a celebration and recognition of companies in the fintech space and their ‘WOW’ moments; products, services or ideas that bring meaningful change to the financial services sector. The awards recognise innovation in product and services and delivery of solutions to challenging issues to a wide audience.

About Enfuce 

Enfuce is a one-stop shop for modern card issuing and payment processing. Founded in 2016, Enfuce has become one of Europe’s leading payment processors that delivers cutting edge debit, prepaid, and credit card solutions across Europe and scaling globally, with offices in Finland, Germany, Latvia, Sweden, and the UK. With Enfuce card solutions, traditional banks, neobanks, and fintechs can create next-level payment experiences for their end users now and into the future.  

Enfuce has raised a total of €62 million in several funding rounds and been awarded with recognitions like the Visa Fintech Fast Track programme, Mastercard Lighthouse Development Programme, and 2019 PayTech Award for Best Payments solution for Payment Systems in the Cloud.  

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