Joompay Europe

Joompay is a social finance app enabling seamless, secure, and lightning-fast money transfers in Europe.
Country of incorporation: Luxembourg
Year of incorporation: 2019

TEAM NAMES, ROLES AND COMPANY CONTACT

Yuri Alekseev, CEO, Joompay co-founder | Alex Gutman, CTO, Joompay co-founder | Ilya Shirokov, Joom Group co-founder | [email protected]

Elevator Pitch

With Joompay, you can send and receive money from anyone – in an easy and fun way. The app makes opening an account in Europe more straightforward and safer than ever: the process takes less than 5 minutes.  You can also get a Joompay card with outstanding cashback and bonuses, card management, and 24/7 in-app customer support absolutely for free. Joompay is headquartered in Luxembourg; it is developed by the people who created Joom, the feature-rich and reliable shopping app with more than 300 million app downloads worldwide.

Problem Solved

There are more than 50 peer-to-peer payments solutions currently co-existing in SEPA (Single Europe Payments Area), yet there is no pan-European interoperability between them. Joompay is a social finance app that allows users to send and receive money from any person, regardless of whether they use Joompay or not. Joompay connects to your debit/credit card or bank account and provides seamless, secure, cheap and lightning-fast money transfers.

Solution / Technology

You only need the person’s & Paytag, email or phone number so send. They will instantly receive the funds even if they don’t have Joompay yet. Simply share your PayLink, QR code, or &Paytag to receive money from anyone. Also you can create beautiful and customisable payment pages to collect money from your customers and followers.

Competitive

  • Instant transfers
  • Bank-agnostic on both domestic and international level within the EU
  • Digital-first and ready for use in less than 10 minutes
  • Beautiful and easy-to-use app with strong focus on Gen Z

Relevant Links

https://www.joompay.com

White Paper

The AI Revolution In Financial Services

White paper How artificial intelligence is transforming the financial services industry, from portfolio management to AML compliance This white paper, prepared and written by VitalBriefing explores the impact of AI […]
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