The financial institution Clearhaus has announced a new collaboration with Spanish fintech PaynoPain.
Licensed to operate in Europe, the partnership means Clearhaus can provide payment rails for parts of PaynoPains transactions on the continent.
PaynoPain CEO, Jordi Nebot emphasised: “Just like us, Clearhaus is known for its innovative technological capacity at an international level. We believe our collaboration will clearly benefit Spanish online stores.”
Recently, PaynoPain and its payment gateway product, Paylands, has elevated its focus on helping small companies start selling online and overcome the COVID-19 crisis.
But the Spanish fintech is also known for its tech-savvy collaborations with hotels and its micropayment solutions for bankless populations in third world countries.
Clearhaus CEO, Claus Methmann Christensen added: “In spite of the geographical distance, PaynoPain and Clearhaus come from the same place. We are young, technology-focused fintechs wanting to improve the payment industry to the benefit of businesses and consumers.
“Spain is a thriving online market and we are looking forward to serving the Spanish online stores alongside PaynoPain.
Both companies were established in 2011 and thus share an innate appetite for rethinking the current payment infrastructure with an API-first approach.
Clearhaus is already active on the Spanish payments scene, albeit to a lesser extent than in its Nordic home markets. However, in the hands of 47 million Spaniards, of which 30 million are avid online consumers, Clearhaus is looking to multiply its engagement in the Iberian peninsula.