Intergiro, a leading European Banking as a Service (BaaS) platform based in Sweden, announces its partnership with Retreeb, a Swiss payment solution empowering consumers to support social causes.
This partnership marks a significant milestone towards the launch of Retreeb's sustainable payment solution and reinforces its commitment to value redistribution and corporate social responsibility (CSR), supported by Intergiro’s innovative embedded finance technology.
Retreeb's innovative payment model distributes 33% of revenue towards CSR initiatives, reflecting its vision to reinvent payment systems for a sustainable future. Intergiro will be supporting this vision with its BaaS platform and will provide Retreeb with an off-chain financial flow management services in the Eurozone, enabling the Swiss fintech to create Euro accounts for its users and offer an enhanced payment experience.
Intergiro's regulated services are offered exclusively via API, covering the entire payment value chain, and are backed by a Swedish electronic money (EMI) license. This license permits Intergiro, and by extension its partners, to serve the European Economic Area (EEA) as a payment’s provider and electronic money institution. By partnering with Intergiro, Retreeb is now licensed to deploy its solutions throughout Europe.
The collaboration between Intergiro and Retreeb exemplifies Retreeb's "blockchain for good" mission, which aims to transform the finance industry’s aim from "make as much profit as possible" to "make as much profit as possible to share". This partnership represents a significant step forward in creating sustainable financial ecosystems that empower individuals to make a positive impact on society and the environment.
The Intergiro partnership plays a crucial component in Retreeb’s ongoing commitment in creating a sustainable payment solution. With each other’s support, Intergiro and Retreeb are well-positioned to transform the payment industry, driving innovation and positive change.
Intergiro's CEO Nick Root, comments on the partnership, “We are excited to be working with Retreeb and committing our efforts into creating more sustainable payment options. Fintech innovation is constantly evolving to help make a real impact on the world and help influence individuals to make the right environmental, social and financial decisions, and that is exactly our focus with this new partnership with Retreeb.”
This partnership follows on from Intergiro’s recent response to the ongoing economic crisis and inflation, where the company is now offering free banking services to merchants who open an Intergiro merchant business account.