Finaro, a global provider of cross-border payment services and banking, it is getting stronger in Spain and Portugal. Currently, the year-on-year growth of the company in the Iberian market is 65%. In this region, Finaro focuses mainly on the retail, travel, financial services, hospitality, transport and mobility sectors, among others.
The startup started its operations in Spain in 2014, while in Portugal in 2013. Since then, the company has found plenty of room to grow and differentiate yourself from players existing through innovation. In 2019, the human team is established in both countries under the leadership of David Jofre through four work teams that, today, are in full development.
«We had already identified the Iberian market as decisive and our intention is to strengthen our unique position in the market. In the future we will focus on strategic sectors already established in Spain and Portugal, such as e-commerce, as well as other more emerging ones, such as electric mobility or transport, in which we believe there is still much to be done in both countries»explains Achiya Fried, Commercial Director of Finaro.
All electronic payment needs covered
Finaro is clear that companies that have payment gateways should not deal with problems or suffer no financial loss for it. In this aspect, the company bases its success model on innovation, generating simple payment solutions that guarantee covered payments on a global scale. Its role is key in a bullish context of digital payments, as the global fintech market will grow 13.7% by 2026, to 190,000 million dollars (180,000 million euros), according to Research and Markets.
To do this, Finaro optimizes transactions through technology and a payment gateway that supports the main card brands, as well as more than 150 alternative payment methods worldwide. It also offers total confidence and security through global connectivity with immediate access to more than a hundred banks thanks to intelligent routing, with optimized conversions and automatic diversions.
In addition, clients can make informed business decisions thanks to the data that they can consult in real time in the Finaro API. From there, it is possible to easily manage transactions, refunds and much more; all this encompassed in a personalized support without rest (24/7).
“The Iberian market has evolved tremendously in recent years, especially when it comes to e-commerce, and it is exciting to grow this part of Finaro’s business. We have focused on ensuring that our customers have a solutions provider that understands their local needs, while offering them the global options they need to extend beyond their borders.”says David Jofre, Country Manager for Spain and Portugal.
Finaro has a full bank license that allows you to manage cross-border payments in 36 countries and in 17 different currencies. Its mission is to simplify payment processing in an integral way, facilitating business growth and offering them personalized and customer-centric service.
Through its consulting and analysis service for electronic payments, the company optimizes payment processing to ensure that these companies suffer as little loss as possible. All merchants have the task of offering solid experiences to their customers, hence the importance of keeping the complexity of payments unchanged and of generating a competitive advantage in sectors with great traction.
