Company:ConnectPay
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Type | Private |
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Industry | FinTech |
Founded | 2018 |
Founder | Deependra Singh Bhartari |
Headquarters | Vilnius, Lithuania |
Key people | Saulius Racevičius (CEO) |
Products | SEPA payments, SWIFT payments, direct Multi-currency IBAN accounts, prepaid cards, merchant accounts |
Revenue | 1,54 million euros (2019) |
Number of employees | 48 (2020 May) |
Website | connectpay |
ConnectPay is an Electronic Money Institution (EMI) headquartered in Vilnius, Lithuania. It offers banking services to internet-based companies. [1] [2] [3]
Services
The company’s products include SEPA & SWIFT payments, direct multi-currency IBAN accounts, prepaid cards and merchant accounts.[4] [5] [6] [7]. All processes are operated via an automated fraud prevention[8] and compliance management ecosystem.[9] [10] [11] [12] [13]
History
ConnectPay was founded by Deependra Singh Bhartari in 2018, who is a 100% shareholder of the company.[14] ConnectPay is now being managed by the board of four members including CEO Saulius Racevičius, Deputy CEO Agnė Selemonaitė, CFO Vladimiras Kolesovas and CTO Marius Galdikas.[15] The whole company‘s team consists of 50 employees[16]
ConnectPay holds an EMI license, issued by the Bank of Lithuania, and is a member of monetary authority of the Eurozone.[17]
Financial Performance
ConnectPay‘s payment turnover grew from 96,7 million euros to 879,4 million euros.[18] Client funds held with ConnectPay in the end of 2019 amounted to 46,5 million euros.[19] According to the 2019 public report by the Bank of Lithuania, ConnectPay is among the five biggest players in terms of payment turnover and client funds in the market.[18]
References
- ↑ "9 fast-growing Vilnius tech startups to watch out for in 2020". February 25, 2020. https://siliconcanals.com/news/fast-growing-vilnius-tech-startups-2020/.
- ↑ "ConnectPay announced as PAYMENTS PROVIDER SPONSOR at the live edition of MARE BALTICUM Gaming Summit (Tallinn, Estonia)". June 23, 2020. https://europeangaming.eu/portal/press-releases/2020/06/23/72895/connectpay-announced-as-payments-provider-sponsor-at-the-live-edition-of-mare-balticum-gaming-summit-tallinn-estonia/.
- ↑ "Being home to these promising startups, Baltics becomes new tech hub". February 17, 2020. https://siliconcanals.com/news/promising-baltic-tech-startups/.
- ↑ "A game changer for the gaming industry?". https://timesofmalta.com/articles/view/a-game-changer-for-the-gaming-industry.750604.
- ↑ "Market insider's view on the Wirecard collapse". July 3, 2020. http://www.koreaittimes.com/news/articleView.html?idxno=98745.
- ↑ "Top 5 Services to Open an Online Bank Account With". December 20, 2019. https://techbullion.com/top-5-services-to-open-an-online-bank-account-with/.
- ↑ "Bank of Lithuania opens up reporting API tests to three local fintechs". December 13, 2019. https://www.fintechfutures.com/2019/12/bank-of-lithuania-opens-up-reporting-api-tests-to-three-local-fintechs/.
- ↑ "Agnė Selemonaitė, Deputy CEO at ConnectPay Interview – 5 Opportunities it Created for Digital Banking Sector". https://techround.co.uk/interviews/agne-selemonaite-connect-pa/.
- ↑ Insider, Gambling. "Impact of COVID-19 on Virtual Gambling Sector: ConnectPay Calls to Fortify Payment Security as Industry Fraud on Rise". https://www.gamblinginsider.com/news/9212/impact-of-covid-19-on-virtual-gambling-sector-connectpay-calls-to-fortify-payment-security-as-industry-fraud-on-rise.
- ↑ "5 Opportunities COVID-19 created for digital banks". June 24, 2020. https://salaamgateway.com/story/5-opportunities-covid-19-created-for-digital-banks.
- ↑ "ConnectPay Launches Payment Verification App as Response to Pandemic-Related Privacy Concerns". June 10, 2020. https://europeangaming.eu/portal/press-releases/2020/06/10/72135/connectpay-launches-payment-verification-app-as-response-to-pandemic-related-privacy-concerns/.
- ↑ "ConnectPay Invests More To Combat Online Fraud". June 30, 2020. https://inkedin.com/blog/2020/05/30/connectpay-invests-more-to-combat-online-fraud/.
- ↑ "Pasaulinės krizės akivaizdoje Lietuvos „fintech“ įmonės didina investicijas į teisinę atitiktį". March 30, 2020. https://madeinvilnius.lt/verslas/vilniaus-rinka/pasaulines-krizes-akivaizdoje-lietuvos-fintech-imones-didina-investicijas-i-teisine-atitikti/.
- ↑ Čiulada, Paulius. "Lietuvoje veikiančio „fintech“ startuolio apyvarta artėja prie 1 mlrd. Eur". https://www.vz.lt/rinkos/2019/12/09/lietuvoje-veikiancio-fintech-apyvarta-arteja-prie-1-mlrd-eur.
- ↑ "About us - Banking made easy!". 2018-12-13. https://connectpay.com/about-us/.
- ↑ Žebrauskienė, Aistė. "Vienas sektorius Lietuvoje atsilaikė geriau nei kiti: įmonės planuoja didinti investicijas ir darbuotojų skaičių". https://www.delfi.lt/a/84294733.
- ↑ "Licencijos informacija". https://www.lb.lt/lt/frd-licencijos/view_license?id=438.
- ↑ 18.0 18.1 "Veiklos rodikliai". https://www.lb.lt/lt/epi-veiklos-rodikliai.
- ↑ Čiulada, Paulius. "„ConnectPay“ pajamas padidino 7 kartus". https://www.vz.lt/rinkos/2020/05/05/connectpay-pajamas-padidino-7-kartus.