Payments fintech company Finductive has signed a new deal with Malta-based financial institution MoneyMatrix, who are part of the EveryMatrix Group.
MoneyMatrix will be allowing Finductive to offer an increased number of acquiring partners through direct contracts or payment facilitator models.
Finductive, which plans to launch with MoneyMatrix Payment Processing Engine in the fourth quarter, will be focusing on the provision of payment gateway services and sub-acquiring services throughout specific target markets.
The fintech company will also provide payment account services to end users and merchants with integrated pay-in and pay-out facilities via the payment account platform.
MoneyMatrix offer payment services through more than 180 payment methods, which spread cross 200 countries and 150 currencies.
Julian Goffin, executive director and chief executive of Finductive, said: “It’s great to have two innovation driven companies working together to assist the market in its needs.
“Partnering with MoneyMatrix means that we can offer more payment solutions in many countries, a lot faster and more efficiently. We are extremely excited to join forces with them.
“As well as working with this top-level company, Finductive have also made other excellent partnerships to bring the best in SEPA transfers, Swift transfers and currency conversions as well being able to offer payment cards.”
David Schjelde, chief executive of MoneyMatrix, added: “We are delighted to support Finductive’s market launch as we have full confidence in their very skilled management team.
“Their vast experience within payments, iGaming, forex and crypto make them perfectly suited to leverage the potential of the MoneyMatrix software and we are looking forward to contribute to their success story.”