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Enfuce partners with Síminn Pay to launch innovative commercial cards with carbon footprint tracker

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HELSINKI, LONDON, 6 JUNE 2024 – Issuer processing powerhouse Enfuce today announces a groundbreaking partnership with Síminn Pay, the fintech arm of Síminn, the largest telecom service provider in Iceland. Enfuce is launching a new, virtual commercial card programme for Síminn Pay, equipped with a CO2 calculator by climate action platform Deedster, to help its commercial clients reduce their carbon footprints.

Monika Liikamaa, Co-Founder and Co-CEO of Enfuce says: “We’re thrilled to be levelling up our long-standing partnership with Síminn Pay, a company that shares our Nordic values and commitment to sustainability. This collaboration is a testament to our joint vision for a more environmentally responsible future and to setting new standards in the fintech and telecom industries.”

Denise Johansson, Co-Founder and Co-CEO of Enfuce says: “At Enfuce, rich collaborations are at the very heart of what we do, and our partnership with Síminn Pay and Deedster is a perfect example of the value we strive to create with our work. By bringing together Síminn Pay, Deedster and Enfuce we’re not only introducing cutting-edge financial tools for businesses in Iceland but also empowering them to make a positive impact on the environment.

Gunnar Hafsteinsson, Managing Director of Síminn Pay says:Our partnership with Enfuce introduces an innovative commercial card solution that significantly benefits our business clients. By integrating Deedster’s CO2 calculator, we are reinforcing our commitment to sustainability and enhancing the value we offer to our customers. This new programme not only expands our financial services but also empowers our clients to make environmentally conscious decisions. We look forward to seeing the positive impact this will have on our clients and the Icelandic business community.

Monika Martinsson, Co-founder and Head of Growth of Deedster says: “We’re excited to see this kind of leadership in the financial sector, where multiple players recognize what it takes to accelerate the shift and create real impact. This alliance will enable us to facilitate reporting for thousands of SMEs and change business norms in the process. With the service from Deedster, we provide the data and insights needed to act on the current transition.

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 programmes 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.

About Simmin Pay

Síminn Pay is a subsidiary of Iceland’s largest telecommunications company and a leading fintech firm in the country, offering a wide range of financial services for both individual customers and businesses.

About Deedster:

Swedish FinTech Deedster is an impact-driven company at the forefront of promoting climate action and sustainability. Deedster provides digital tools and technological solutions to large corporates, FinTechs and banks. Its climate action platform offers a gamified approach to sustainability, activating and engaging individuals in measuring, understanding, and reducing their climate impact. As the pressure intensifies from customers, stakeholders, and legislators on financial organisations to adopt sustainable practices, Deedster stands out for its innovative solutions that drive the transition toward a more sustainable world.