The funding will support the hiring of new business development teams in Germany, the UK, a cross border team, and new IT experts to scale the technology platform and to further develop new solutions for customers.
The company plans to launch bulk payments related products, cross-border payments as well as expand SurePay PayID, a Pay Your Contacts solution, to offer new methods of secure payment services to its customers. The CoP for Organisations solution, based on its Confirmation of Payee algorithm will thus be made accessible across Europe.
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