Skip to content

Enfuce appoints CPTO to accelerate innovation and global expansion

Image for Enfuce appoints CPTO to accelerate innovation and global expansion

Helsinki, March 06 2024 – Issuer processing powerhouse Enfuce has appointed Philip Mikal as its Chief Product & Technology Officer (CPTO) to integrate its product and technology functions under a unified leadership and accelerate the company’s global growth trajectory.

With nearly two decades of international experience in the fintech industry, and pivotal roles at Klarna as well as acclaimed Swedish and US fintech firms Rebtel, P.F.C and ChargeSmart, Philip brings a wealth of expertise in driving technology-driven and customer-focused financial products to global markets.

Philip specialises in introducing groundbreaking payment, credit, and digital banking solutions, achieving unprecedented user growth, retention, and engagement on a global scale. He brings unparalleled entrepreneurial and leadership experience, having co-founded MAJORITY, a pioneering digital financial service dedicated to serving migrants in the US.

At Enfuce, Philip will spearhead the streamlining of product development processes, aligning product management and technology functions under a unified leadership. The new structure will enhance agility and foster a deeper understanding of technical considerations, enabling Enfuce to make informed decisions even more rapidly while maintaining its ever-strong focus on customer needs and market dynamics. By sharing a unique product vision, goal and timeline, Philip will enable Enfuce to continue developing exceptional products and services and further enhance its offering, taking the company from strength to strength.

Philip’s appointment affirms Enfuce’s commitment to driving innovation and its ambitious pursuit of international expansion. It follows recent strategic initiatives to expand its reach across Europe and the UK, including securing an e-money licence from the UK’s Financial Conduct Authority (FCA) in February. Philip’s international background and deep understanding of global regulatory, cultural, and technological landscapes will be key in levelling up Enfuce’s international presence and expansion plans.

Philip Mikal, CPTO at Enfuce, says: “I am truly impressed by Enfuce’s unwavering commitment to excellence and its cutting-edge platform for card issuing and payment processing that sets industry standards. With a focus on scalability, security, and global impact, Enfuce is revolutionising financial accessibility and efficiency. It does feel special to join Enfuce at this pivotal time and be part of this journey. I look forward to collaborating with its exceptional team to drive innovation and deliver state-of-the-art financial products.”

Monika Liikamaa, co-CEO & co-founder of Enfuce, says: “With his extensive experience and unique international perspective, Philip will be a game-changer for Enfuce as we ramp up our next phase of growth. His leadership will be a guiding compass, enabling us to refine our product offerings even further while increasing accountability and efficiency across teams and promoting a culture of collaborative problem-solving. Customer happiness and collaboration are at the heart of our DNA; Philip embodies these values and will propel us to exceed our goals.”

Denise Johansson, co-CEO & co-founder of Enfuce, says: “What Philip brings to the Enfuce table – beyond a proven track record of leading and delivering innovative solutions – is market-leading international experience spanning both the US and Europe. This is critical for Enfuce as we continue our international expansion and Philip’s expertise will ensure that operational excellence and efficiency remain our hallmarks across borders. With Philip on board, we are uniquely positioned to uphold these standards while exploring new frontiers of innovation and expanding our global footprint.”

For more information:

Nicole Heringer
VP Brand and Communications

About Enfuce

Founded in 2016, Enfuce is a female-founded and led company with a unique vision: to bring the brightest minds and the best technology together to break down the barriers to prosperity.

As a leading global card issuer and payment processor that merges innovation, security, and expertise to create modular, cloud-based payment processing capabilities, Enfuce is one of Finland’s most valuable scaleups, and is the first financial service provider in the world to be PCI-DSS certified while running its service in the public cloud.

By focusing on collaboration, Enfuce is able to efficiently provide customers with cutting edge features – offering in-house experts and white labelled technology to help companies create scalable payment solutions with ease. Supporting debit, credit, prepaid, gift, fleet and fuel card programmes in any form – for consumer, commercial and B2B applications – Enfuce’s no-nonsense approach helps customers create bespoke payment solutions that are flexible, scalable and secure.

Holding an Electronic Money Institution (EMI) licence from the Finnish FSA and from the UK’s Financial Conduct Authority (FCA), enabling operations across Europe and the UK, Enfuce’s PCI-DSS certified platform guarantees 99.999% uptime, global scalability, and card scheme connectivity, supporting various card programs and integration with digital wallets. Enfuce has raised €68.5 million in funding rounds, showcasing its industry leadership with recognitions like Visa Fintech Fast Track and Mastercard Lighthouse Development Program participation, as well as winning prestigious awards, such as the 2019 PayTech Award for Best Payments Solution, 2022 FF Award for Mobile Payments and the 2023 FF Award for Authentic ESG. Propelled by the forward-looking vision of its Co-CEOs and Nordic ingenuity, Enfuce is set to expand globally, shaping the future of payment solutions.