Contis gains UK consumer credit licence

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Contis gains UK consumer credit licence

Contis gains UK consumer credit licence with Paze Finance acquisition

  • The deal helps Contis to allow B2B platform clients to offer credit to their customers alongside core banking functionality
  • Contis also acquired Paze’s full suite of technology, including a sophisticated consumer lending system with AI analytics to make real-time affordability decisions in seconds
  • Financial details about the acquisition or any potential staff redundancies is secret
  • Founded in 2008, Contis’ platform manages both bank and Visa payments. It has offices in the UK, Europe and India providing modular banking solutions to third parties
  • Contis have the ability to power start-ups, helping them to become major players in the wider banking and payments ecosystem