Enfuce and Plexian partner for cloud-based payment solutions

By Megha Bhattacharya

Payment service provider Enfuce has teamed up with FinTech Plexian in a bid to drive innovation within payment and loyalty solutions. Enfuce’s turnkey Card as a Service (CaaS) offering makes it possible for fintechs and banks to quickly issue secure and scalable payment cards, no matter where they operate. Enfuce CaaS supports various use cases and can be quickly integrated as a part of your customers’ core user experience.

“Our dialogue and collaboration with Enfuce have been great from the very beginning. They understand our business and they do business the same way as we do, which has enabled us to work closely together. By combining our experience and ambitions with their vast strategic knowledge, we are certain that we will deliver state-of-the-art loyalty and payment solutions to our partners and customers”, said Staffan Mattson, CEO at Plexian.

According to Enfuce, it will handle fraud monitoring, disputes and chargebacks as well as the BIN relationship for Plexian. Based on the Edge platform, Plexian will continue to launch partnerships with co-brands in different segments to provide their payment and loyalty solutions for more companies. Plexian is also implementing the latest digital payments features, such as buy-now-pay-later solutions as well as virtual cards, Google Pay and Apple Pay in the next six months.

“Plexian is a forerunner in customer loyalty solutions, and we are excited that they have chosen us as their partner. Plexian’s understanding of customer needs, innovative thinking and a collaborative approach are shared by Enfuce. It’s great to work together to develop an excellent user experience where payments play a key role”, said Mikko Nurminen, Head of Sales and Marketing at Enfuce.

Recently, Enfuce secured €7 million in Series B funding led by Tencent. The round also saw the participation of the FinTech’s prior investors Maki.vc. Enfuce has been previously supported by a mix of debt and VC financing from multiple Finnish investors: Nordea, LähiTapiola, and Finnvera. The FinTech has also appointed Dr. Ling Ge, Chief European Representative at Tencent, to Enfuce’s Board of Directors for strategic guidance as to the Nordic fintech scales to Europe as well as globally.