PayQin: Announcing a new €300K seed investment round
- PayQin is an electronic wallet that comes with a built-in virtual debit card that allows users to top up the virtual debit card
- The company aims to reach one million daily transactions in a year and envisions a single payment area
- Among the alumni of the Estonia-founded Startup Wise Guys accelerator’s first fintech batch powered by Swedbank
- The company is also backed by several business angels and VC companies from the Baltic countries
- Driving financial inclusion in Africa’s vast underbanked markets, where the mobile phone penetration is twice
- The company currently has plans to open the platform to remittances from Europe, making for a large inflow of transactions
