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Mynt selects Enfuce as payment service provider

Source: Mynt

Mynt, the innovative Swedish fintech, has selected Enfuce, one of Europe’s leading fintechs, as its payment service provider.

Through the partnership with Enfuce, Mynt will be able to expand its Visa corporate card and expense management solution to high-growth European businesses.

As experienced entrepreneurs, the Mynt founders set out to address the pain points for business owners. Their goal was to simplify and automate time-consuming tasks for entrepreneurs, including expense management, cashflow and spend management - which resulted in Mynt.

“For Enfuce, it has been an absolute pleasure working with Mynt - when the agile, knowledgeable business teams from both sides came together, it was the perfect partnership for a smooth and fast implementation”, says Denise Johansson, Co-Founder and Chief Commercial Officer at Enfuce.

As a result of a productive collaboration between the agile companies’ teams, Mynt
is able to onboard new customers in minutes and give them access to powerful tools such as virtual cards, spending limits, and expense management features. The next-generation B2B credit card solution includes flexible account structure (with multiple cards per account), cutting-edge fraud management, and real-
time transaction monitoring that will increase transparency in SME business expense

“For us, finding common ground between the tech teams was the most important factor when we made our decision. I believe we have worked as true partners in this project and it is a pleasure to continue working together”, commented Baltsar Sahlin, CEO at Mynt.

Mynt’s solution targets high-spend businesses with premium features such as an unlimited number of virtual and physical cards, support for larger teams, and excellent expense management, meeting the needs of high-growth businesses.

Mynt has had strong traction in Sweden (and soon beyond) since the launch - and to ensure superior service to its clients, Mynt is currently prioritizing high-spend businesses. Earlier this summer, Mynt was authorised as an E-money Institution by the Swedish Financial Supervisory Authority (SFSA). The E-Money license enables Mynt to further strengthen its product offering and expand into new markets during the coming months.

As two ambitious companies focusing on creating the best customer experience and striving to excel in our respective industries, it was easy for us to find common ground and quickly move towards reaching shared goals. We are excited to take our collaboration further in 2021 and beyond”, Johansson says.

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