Settle Group
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 | |
| ISIN | 🆔 |
|---|---|
| Industry | Financial services Payment processor |
| Predecessor | Auka |
| Founded 📆 | 2010 in Norway |
| Founder 👔 | Daniel Doderlein |
Area served 🗺️ | 28 European countries |
| Products 📟 | E-commerce payment system Mobile payment |
| Members | |
Number of employees | |
| 🌐 Website | settle |
| 📇 Address | |
| 📞 telephone | |
Settle Group is a Norwegian financial technology company which operates a digital wallet for users and a payment gateway for merchants based on cashless and cardless transactions.
The service is available in 28 European countries: Austria, Belgium, Bulgaria, Germany, Greece, Denmark, Estonia, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Hungary, Finland, France, Croatia, Czech Republic and Sweden.
The mobile app is free to use by users and charges merchants a small fee for incoming transactions aiming to compete with POS terminal operated electronic payments. Payments can be initiated by a QR-code.
History[edit]
The company is a successor of Auka which was founded by fintech pioneer Daniel Döderlein in 2010. It was renamed in 2020 to promote its plans to expand to more European markets.[1].
Döderlein also co-founded mCASH, which was in 2015 acquired by SpareBank1[2] to be later integrated with other similar services into Norway’s leading mobile payment app Vipps [3].
Settle established locally financed subsidiaries in Croatia in February 2020[4], in Cyprus in November 2020[5] and in Bulgaria in March 2021[6] with total investment of NOK 35 million[7].
In April 2021 Settle Group partnered with Currencycloud to provide foreign exchange and international payments[8]
References[edit]
- ↑ https://www.paymentsdive.com/ex/mpt/news/auka-officially-changes-name-renews-mission-to-digitize-money
- ↑ https://www.finextra.com/newsarticle/27990/sparebank-1-acquires-norwegian-technology-base-of-mobile-startup-mcash
- ↑ https://www.nfcw.com/2017/02/14/350165/norwegian-banks-join-dnb-make-vipps-single-mobile-wallet-customers
- ↑ https://www.24sata.hr/tech/siri-se-mobilno-placanje-hrvati-mogu-slati-novac-i-kroz-settle-637870
- ↑ https://www.technadu.com/daniel-doderlein-auka-ceo-founder-settle-safer-than-cards-payments/68905/
- ↑ https://www.finextra.com/pressarticle/86507/mobile-payments-firm-settle-enters-bulgaria
- ↑ https://shifter.no/nyheter/auka-grnderen-fyller-opp-pengesekken-til-massiv-utrulling-av-betalingsapp/187345
- ↑ https://www.pymnts.com/news/b2b-payments/2021/currency-cloud-teams-with-settle-on-x-border-b2b-payments/
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