PayinTech was founded in 2010 with the mission of revolutionizing cashless payments for events and leisure sites. Since then, the company has grown into a leading provider of cashless payment solutions for a wide range of industries, including resorts, amusement parks, stadiums, and more. With its innovative technology and patented solutions, PayinTech is committed to simplifying transactional systems, optimizing management costs, and improving user experiences. In this startup showcase, we will explore how PayinTech is changing the way people pay for goods and services.
The History of PayinTech
PayinTech was created in 2010 by Bertrand Sylvestre-Boncheval and Jean-Rémi Kouchakji, who sought to simplify cashless payments at their university bar. They began by creating a payment solution that relied on wristbands and handmade payment terminals. This system was later improved to scale up from tens to thousands of consumers.
In 2012, PayinTech equipped the Hadra Trance Festival, the first 100% cashless festival in Europe, where they managed the cashless payments of 14,000 festival-goers at the festival’s bars and food stands. This marked the beginning of PayinTech’s expansion into the events and leisure industry.
Today, PayinTech is a worldwide fintech leader in cashless systems, having raised €1.1 million in 2015 and €4.5 million in 2017. With La Caisse des Dépôts et Consignations, the French sovereign fund, as its main investor, the company has been able to invest substantially in R&D and products, and to diversify itself on all private payment markets. PayinTech now serves customers in 16 countries from Europe, Africa, the Middle-East, Latin America, and South-East Asia.
Innovative and Patented B2B Cashless Payment Solutions
PayinTech provides innovative and patented B2B cashless payment solutions to businesses across a range of industries. The company’s added value has always been the same: simplifying transactional systems while allowing corporate customers to increase their on-site revenues, optimize management costs, and improve their users’ experience.
PayinTech’s technology allows for seamless and secure transactions, making it a great solution for events, resorts, stadiums, and other venues. The company’s solutions include cashless payment terminals, wristbands, and mobile payment apps. This technology enables users to purchase goods and services quickly and easily, while also allowing venue owners to better manage their inventory and sales.
Diversified and Global Reach
PayinTech’s technology is used in a range of settings, from resorts and amusement parks to stadiums and events. The company’s diversified offering and global reach have allowed it to make a significant impact in the cashless payment space. Today, PayinTech serves customers in 16 countries across Europe, Africa, the Middle-East, Latin America, and South-East Asia.
PayinTech’s global reach has been crucial to its success, as it has enabled the company to provide its solutions to a range of customers. Its cashless payment solutions have been implemented in a variety of settings, from large-scale events to smaller venues. In each case, PayinTech’s technology has helped to simplify transactions, improve user experiences, and boost on-site revenues.
Conclusion
PayinTech is a leading provider of cashless payment solutions for businesses across a range of industries. The company’s innovative and patented technology has helped to simplify transactions, improve user experiences, and boost on-site revenues.
Website: http://www.payintech.com
Twitter: http://twitter.com/PayinTech
Facebook: https://www.facebook.com/PayinTechCashless/
LinkedIn: https://www.linkedin.com/company/payintech
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