ONPEX secures seven-digit investment for its banking-as-a-service platform

Tuesday 26 February 2019 13:44 CET | News

ONPEX has closed a seven-digit investment with FinLab and several business angels.

ONPEX will use the growth capital to expand its team and broaden as well as market its existing product offering.

ONPEX is a global cloud-based account and payment solution that combines SEPA and cross-border SWIFT transactions via a white label banking-as-a-service (BaaS) platform. Companies can develop and flexibly manage their own banking and payment solutions by simple Application-Programming-Interface (API) integration of the ONPEX solution.

ONPEX’ BaaS platform enables banks, PSPs and ISbs to accelerate international expansion and optimise services thanks to the platform’s greater flexibility, far-reaching scalability, and innovative banking and payment capabilities. The total value of global cross-border B2B transactions is expected to reach approximately USD 218 trillion by 2022. Focusing on this international and growing market, ONPEX has created a BaaS platform to help companies of all sizes and industries reach their full potential and meet ever-increasing demands by sorting and automating their cash flows.

ONPEX is licensed and supervised as a payment institution by the Luxembourg CSSF and operates in accordance with its regulatory, technical, and reporting requirements.

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Keywords: ONPEX, investment, banking-as-a-service, payments , B2B, FinLab
Countries: World