Currently regarded as one of the leading Nordic fintechs, collaborating with W2 enhances Enfuce’s offering in terms of payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants.
They are fast becoming one of the most dynamic forward-thinking and innovative payment service providers in Europe.
Monika Liikamaa, Co-founder, Group CEO & Chair at Enfuce, commented: “We had a really exciting opportunity to support a major global partner opening up a new market in EEA but to succeed we need to find a solution that streamlines our KYB and KYC requirements.
“In W2 we found a partner that could not only deliver on this one key project by adapting and aligning their KYB and KYC solutions to meet some exacting regulatory requirements but forward-thinking enough to recognise the long-term growth opportunity and help support us on that.
“We see a lot of synergies in how our two companies think and work and are very much looking forward to the partnership we have set up.”
To enable their ambitious growth plan, they were searching for a scalable provider for KYC and KYB processes that could support them in all European markets. This will allow Enfuce to offer a fully turnkey payment processing and card issuing service across Europe.
Warren Russell, CEO of W2 added: “Delivering on challenging projects is always rewarding but the chance to work on this with Enfuce was a real pleasure. Two teams working together to ensure compliance and reduce complexity is a great example of what partnership should be.
“How we align our KYB, KYC and AML services through our platform is critical to our clients and we look forward to working with Enfuce as they open up new markets and deliver on their client’s expectations.”
Expert Analysis: Coming at a time when KYC and a streamlined process has never been so pivotal, this collaboration is well-positioned to combine both their capabilities and grow across Europe.