About Paysolut
Paysolut is a Financial Services company based in London (United Kingdom) founded in 2017 by Andrius Minkevicius, Alex Gibb, and Vytenis Pavalki, and was acquired by SumUp in February 2021. Mobile banking channels are enabled for banks via integrated applications. The company has 1 employees. Its chief executive, as recorded, is Vytenis Pavalki. Its focus areas include FinTech, Banking Tech, Banking Channels and Mobile. Its legal entity is PAYSOLUT LTD.
Company details
Paysolut was founded in 2017 in London, United Kingdom, within the fintech sector. A mobile banking channel platform is provided to support banks in delivering services through mobile applications. Features such as payment and remittance applications, along with payment origination systems, are included. Integration of third-party applications is facilitated to enhance banking operations.
- Headquarters London, United Kingdom
- Employees 1
- Founders Andrius Minkevicius, Alex Gibb, Vytenis Pavalki
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website paysolut.com
- Social LinkedIn
- Acquired by SumUp (Feb 2021)
- Legal Name Paysolut Ltd
- Date of Incorporation 27 Jan, 2017
- Jurisdiction LONDON, ENGLAND
Investors in Paysolut
Paysolut has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SumUp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of mPOS solution and card reader for offline retailers | 2012 | sumup.com | London, United Kingdom |
Investor details for Paysolut
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People of Paysolut
3 people are tracked at Paysolut (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Andrius Minkevicius | Co-Founder & CTO | Leadership |
Alex Gibb | Co-Founder & Partner | Leadership |
Vytenis Pavalki | Co-Founder & CEO | Leadership |
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Timeline of Paysolut
2 dated milestones of Paysolut across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Paysolut is founded.
- Exit Acquired by SumUp.
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Paysolut (Banking & FinTech Platforms) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | 3,462 | ||
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 |
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Related news about Paysolut
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Frequently Asked Questions about Paysolut
Paysolut was founded in 2017.
Paysolut is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Vytenis Pavalki is the CEO of Paysolut, as recorded in our data. They have also founded this company.
Paysolut has 1 employees.
Annual revenue of Paysolut is $309.11K as on Dec 30, 2021.
Paysolut was founded in 2017 in London, United Kingdom, within the fintech sector. A mobile banking channel platform is provided to support banks in delivering services through mobile applications. Features such as payment and remittance applications, along with payment origination systems, are included. Integration of third-party applications is facilitated to enhance banking operations.
Paysolut has 1 investor. Key investors include SumUp.
Paysolut operates through Paysolut Ltd.
Yes. Paysolut was acquired by SumUp in February 2021.