Softpay.io

Softpay.io has created a mobile application that allows merchants to turn a regular phone into a contactless payment terminal, without any additional dedicated hardware.

Location
Copenhagen, Denmark
Revenue size
0 (pre-revenue)
Year founded
2019
Funding raised
EUR 1.6 million
Founders
Jacob Aisen, Ivan Sandqvist
Most relevant investors
Innobooster, Jan Lehrmann, Jeppe Christiansen, Jacob Aisen, Ivan Sandqvist
Team size
22
Website

www.softpay.io

Problem

Traditional payment terminals usually rely on expensive and inconvenient third party hardware. Now, Softpay.io is setting new industry standards for wireless payment transactions by enabling easy payment options on any Android device, whether for package delivery or sales in a shop.

SOLUTION

The system is app-based, takes only a few minutes to install , and removes the need for separate payment terminals. Their ECR system is seamlessly integrated with the Softpay platform on the same device. Users only have to pay for activation and a monthly license fee per payment terminal user.

KEY CUSTOMERS AND INTERNATIONAL PRESENCE

"Pending"

Team

The Softpay team was previously part of another company, Unwire, which has more than 20 years of experience in developing innovative end-to-end payment solutions for major clients in the Nordics.

Unique selling point

"Pending"

Asia Connection

Softpay is becoming a global payment solution, and will soon be able to integrate with JCB and provide services to the Japanese market. They are now looking for partnerships with Japanese companies that can assist with funding, distribution and identifying clients to further develop their operations in the Asian market.

Pitch

GET IN TOUCH WITH

Softpay.io