Banking Solution from Subaio Outshines Competition and Wins €4M from Global PayTech Ventures
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MIAMI, March 4, 2021 /PRNewswire/ Born out of a Danish hackathon in 2016,
Subaio offers banks a superior subscription management technology that solves two massive problems at once the service provides banking customers the ability to cancel unwanted subscriptions, and it does so without taking bank customers away from the bank s user interface. We are very excited to offer banks
(PRNewsfoto/Global PayTech Ventures)
Banks may risk data breaches and losing customers via third party vendors. When a technology provider takes a bank customer out of the banking app to perform a service, this is not an optimal or user-friendly experience, Laursen added. We carefully created the best subscription management solution for banks and their customers. Subaio s technology is so robust that we ve identified use cases beyond the financial sector.
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What if there was a button to unsubscribe from all your paid subscriptions at once? There is, and a former Mastercard president just invested €4 million in it, as the global Corona pandemic has fueled an explosive subscription surge.
What started off as a simple idea at a Danish hackathon in 2016, to be able to cancel paid subscriptions like fitness memberships and phone plans with a click of a button, has in 2021 turned into a hastily growing enterprise, and has now caught the eye of a true paytech pioneer: Javier Perez, who recently stepped down from Mastercard, has chosen Danish Subaio as the very first investment of his new venture firm, Global PayTech Ventures (GPT), funding the subscription management scale-up with a €4 million Series A investment to conquer new European markets.
Former Mastercard President Launches Global PayTech Ventures
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MIAMI, Jan. 29, 2021 /PRNewswire/ Former President of Mastercard Europe, Javier Perez today announced the launch of Global PayTech Ventures (GPT), the first venture capital firm focused exclusively on ground-breaking payment technology. We believe payment technology has the ability to transform the way the world transfers value, said Perez. The payments industry is undergoing radical changes and there are many complexities to navigate. We understand, better than anyone else, how to enable paytech entrepreneurs to deliver transformative solutions and achieve large-scale success.
FORMER MASTERCARD PRESIDENT LAUNCHES GLOBAL PAYTECH VENTURES