Startups
Paynetics is a leader in B2B payments and a digital banking platform provider. We are on a mission to simplify payments.
We are pioneering a new type of FinTech company – we work to be Europe’s leading "regulated fintech" – combining the trust that comes from being an e-money institution and principal member of Mastercard, VISA, SWIFT and SEPA with the digital DNA and innovation of a fintech.
We help our clients to introduce new financial services within industry-leading time to market via our digital banking platform with multiple entry-points across card issuing and acquiring, IBAN accounts, bank transfers.
In e-commerce acquiring our one-stop solution combines a quick on-boarding process with robust processing technology.
In card issuing we have a wide range of options for our partners. Accepted worldwide, our cards can be digitalized on a mobile phone and offer other features such as loyalty, rewards, parental control, and more besides.
Our BIN sponsorship services provide the fastest and simplest way to launch a card program, significantly shortening the time to market.
As a principal member of SWIFT and SEPA we offer fully functional IBAN accounts with the same facilities as regular bank accounts, but reducing administrative costs and complexity for you.
We’re developing an alternative payment ecosystem - through interoperable white labelled eWallets, QR payments and world’s first Android-agnostic Software Point of Sale (POS).
We work with our partners to implement any of these services as “point solutions”. But the real benefit of working with Paynetics comes from working with us across a range of services to greatly improve implementation time for you, and time to cash for your customers.
We have a team of payment experts who helped introduce ATMs and chip cards to entire nations and re-established financial systems of whole countries. Whatever your payments challenge, we can help you meet it.
We offer payments, simplified.
We are pioneering a new type of FinTech company – we work to be Europe’s leading "regulated fintech" – combining the trust that comes from being an e-money institution and principal member of Mastercard, VISA, SWIFT and SEPA with the digital DNA and innovation of a fintech.
We help our clients to introduce new financial services within industry-leading time to market via our digital banking platform with multiple entry-points across card issuing and acquiring, IBAN accounts, bank transfers.
In e-commerce acquiring our one-stop solution combines a quick on-boarding process with robust processing technology.
In card issuing we have a wide range of options for our partners. Accepted worldwide, our cards can be digitalized on a mobile phone and offer other features such as loyalty, rewards, parental control, and more besides.
Our BIN sponsorship services provide the fastest and simplest way to launch a card program, significantly shortening the time to market.
As a principal member of SWIFT and SEPA we offer fully functional IBAN accounts with the same facilities as regular bank accounts, but reducing administrative costs and complexity for you.
We’re developing an alternative payment ecosystem - through interoperable white labelled eWallets, QR payments and world’s first Android-agnostic Software Point of Sale (POS).
We work with our partners to implement any of these services as “point solutions”. But the real benefit of working with Paynetics comes from working with us across a range of services to greatly improve implementation time for you, and time to cash for your customers.
We have a team of payment experts who helped introduce ATMs and chip cards to entire nations and re-established financial systems of whole countries. Whatever your payments challenge, we can help you meet it.
We offer payments, simplified.
Overview
Location
Bulgaria
Employees
51-200
Founded date
2005
Mentions in press and media 10
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Mar 9, 2026 | Stickier Than Features: Why Embedded Finance Is SaaS’s Next Edge | Share Share Share Share Email On January 5, 2026, I received a corporate expense card and bank account for my role at Paynetics. The card was issued by Paynetics, but accessed through Payhawk, an expense management platform built on Payneti... |
| Mar 25, 2024 | Paynetics Acquires Novus | Paynetics, a Sofia, Bulgaria and London, UK-based embedded finance provider, acquired Novus, a UK based provider of a financial services for impact initiatives. The amount of the deal was not disclosed. With the acquisition, Paynetics will ... |
| May 23, 2023 | Paynetics To Acquire Phyre | Paybetics, a Sofia, Bulgaria-based provider of embedded finance solutions, acquired Phyre, a digital payments application (app) provider. The amount of the deal was not disclosed. The acquisition will enable Paynetics’ B2B clients to distri... |
| Aug 1, 2022 | The Fintech Power Ladies Who Will Help You Sort Out Your Finances | Bulgaria, Greece, Romania ~ Company: Diverse leadership in any sector sets the path for broader idea generation and further economic expansion. According to the Diversity For Growth report 2021 by Findexable, a global platform gathering pro... |
| Feb 6, 2021 | Startup Cities in SEE: Who Is Who in the Еmerging Sofia Еcosystem | Sofia, Bulgaria ~ Company: While Sofia is yet to transform into a major European tech hub, the startup community in the city has been developing rapidly in the past couple of years and next to a number of fast-growing startups that are expa... |
| Mar 30, 2020 | Bulgarian fintech startups Paynetics and phyre get funding from New Vision 3 and Bulgarian American Credit Bank | Bulgarian VC fund New Vision 3 and the Bulgarian American Credit Bank (BACB) have made new investments in two Sofia-based fintech startups. Paynetics, a payment service provider, received €2.5 million; and phyre, an e-wallet platform, recei... |
| Sep 11, 2019 | Fintech in Bulgaria: Who is Who In Ten Words | With close to 70 companies in this domain, Bulgaria is an evolving fintech hub. It’s the most vibrant fintech destination in the SEE region, concentrating the highest number of companies in this sector. The first in-depth report about the l... |
| Elevator Lab Finals: Smartphones Become POS Terminals. And That’s Just The Beginning | “Fintech is changing the world. If that was not so, we wouldn’t have been in this room today,” started his presentation Konstantin Djebelov of Phyre, one of the selected founders who pitched at the Elevator Lab Finals. He was one of the ten... | |
| Bulgarian VC New Vision 3 Invests Its First €2.5M In Three Fintech Companies | The local ecosystem has been waiting for this moment for quite some time. Around a year after it signed a contract with their major limited partner – the governmental Fund of Funds, the early-stage fund New Vision 3, a successor of one of t... |
Reviews 0
FAQ about Paynetics
When was Paynetics founded?
Paynetics was founded in 2005.
What has the press written about Paynetics?
Parsers VC has collected 10 articles mentioning Paynetics, among them “Stickier Than Features: Why Embedded Finance Is SaaS’s Next Edge” (Mar 9, 2026) and “Paynetics Acquires Novus” (Mar 25, 2024).
Is Paynetics still active?
Yes, Paynetics is active; its latest activity on Parsers VC dates from Mar 24, 2026.