South African Fintech Startup Payment24, Deepens Its Presence in Europe Through a Strategic Investment in Inergy24
South African-based global payments provider that specializes in payment and loyalty solutions, Payment24, has invested in Inergy24, a Switzerland-based payments platform, as it deepens its footprint across Europe.
This investment will enable Payment24 to broaden its reach and provide its comprehensive suite of payment solutions to a wider customer base across Europe.
With a presence across 5 continents, and its recent expansion in Europe, Payment24 is poised to help global organizations of all sizes stay competitive through the implementation of innovative technology and delivery of inspired groundbreaking solutions for their respective industry allowing them to design products for their echo system using Payment24 White Label Enterprise Platform.
Speaking on the company’s investment in Inergy24, Shadab Rahil, joint CEO at Payment24, said,
“As a fairly new player in the European digital and fuel payments ecosystem, our platform provides customers bound to unwieldy legacy payment solutions with an entirely reimagined digital solution that is quick and easy to deploy.
“This is an extremely exciting time to enter the European market, and we are experiencing enormous interest in the platform and its additional retail and banking capabilities. Our investment in Inergy 24 allows us to better serve and deliver solutions to clients across Europe.”
As part of the agreement, the Payment24 team has appointed Alan McGown as the CEO of Inergy 24 and joint Payment24 CEOs Rahil and Nolan Daniel, who will both serve on the company’s board. Alongside ongoing investment and access to its platform, Payment24 will provide Inergy 24 with access to its development, support, sales, and marketing teams.
Payment24’s investment in Inergy 24 underscores the startup’s commitment to delivering remarkable solutions to clients across Europe.
Payment24 was founded in 2013 with the vision to provide a new-generation fleet management platform targeted at card issuers such as banks, petroleum companies, and fleet operators.
The startup focuses on innovative IT research and development projects within the main focus areas of Fleet Management Systems, Payment Systems, Mobile Solutions, and Retail Solutions.
It also provides a bespoke, tailor-made solution to payment transactions that are sensitive to security, accuracy, speed, and real-time reporting
Notably, Payment24 offers specialized payment solutions and a wider comprehensive product stack catering to a wider range of specialized niche products in various industries in the following regions; such as North America, Europe, Africa, and Central America.
