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

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