Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Getting to Know You: Ivo Gueorguiev, Co-founder, Paynetics

by August 1, 2024
August 1, 2024
Getting to Know You: Ivo Gueorguiev, Co-founder, Paynetics

Paynetics is at the forefront of embedded finance solutions, enabling businesses to integrate payments seamlessly into their products.

With dual regulation in both the EU and the UK, Paynetics is a principal member of The Payments Association in the UK and EU, Mastercard, VISA, UnionPay International, SWIFT, and SEPA.

As a use-case agnostic and deep payment infrastructure provider, Paynetics offers comprehensive embedded finance solutions to B2B and B2B2C customers. These include card acceptance and issuance, payment accounts, and transfers, all delivered through APIs, SDKs, or full-service white labels. Our award-winning technology ensures ease of use while offering sophisticated digital solutions like Apple Pay and Google Pay, based on tokenization.

Anti-money laundering, fraud monitoring, and compliance are integral to our services. At Paynetics, we ensure that products and services designed and operated by our clients meet regulatory requirements and conform to local practices. We are experts in transaction monitoring across all channels and types, with the ability to deploy sophisticated fraud monitoring systems and a continuous investment in the latest technologies to keep account holders’ funds secure.

What was the inspiration behind Paynetics?

The inspiration behind Paynetics came from recognizing the transformative potential at the intersection of digitalization, mobile technology, and the democratization of payments. We believed strongly in simplifying payments and making them a seamless, frictionless experience for end users. Traditionally, payments were seen as complex and the domain of banks, which inspired us to create a platform that simplifies the process.

We started with card issuing and acquiring, gradually expanding to include bank accounts with SEPA and Faster Payments access, open banking, and digital mobile apps. As our product offerings and software sophistication grew, so did our ability to serve a diverse range of partners and end-users – from fintechs and corporations to governments – all seeking next-generation payment solutions.

Who do you admire?

I admire entrepreneurs with vision and the grit to make things happen. There are millions of good ideas that never see the light of day. Execution is hard work, but that is what makes all the difference.

Looking back, is there anything you would have done differently?

I would have partnered with bold investors who subscribed to our vision from the start. While bootstrapping has its advantages, partnering with the right investors could have amplified our impact significantly in the same timeframe. With the right partners by our side, we could have accelerated our growth earlier and achieved even greater success.

What defines your way of doing business?

We are partnership-driven; we win when our partners win. This is the cornerstone of our ethos and culture. We align our interests to ensure we stay together through thick and thin, which is why our churn rate is close to zero.

What advice would you give to someone starting out?

My advice for someone starting out is to prioritise building the right team from the very beginning. Seek out individuals who possess innate talent but also have an insatiable thirst for knowledge and experience. These are the people who will continuously push boundaries and drive innovation within your business.

Next, it’s essential to craft a compelling vision that ignites their passion. Your team needs to feel connected to a larger purpose, something that motivates them to go above and beyond. This vision should be clear, inspiring, and aligned with the core values of your mission.

Once you have the right people and a strong vision, focus on fostering their growth. Provide them with ample opportunities to pursue personal projects, explore innovative ideas, and engage in self-improvement endeavours. Encourage a culture of continuous learning and development, where team members feel supported in their journey to enhance their skills and expand their horizons.

Remember, a great team is the foundation of any successful venture. Investing in your people and nurturing their potential will yield significant returns for your business.

Read more:
Getting to Know You: Ivo Gueorguiev, Co-founder, Paynetics

0
FacebookTwitterGoogle +Pinterest
previous post
Secrets of Success: Catherine Storey, CEO of Freshbat
next post
Getting to Know You: Warren Mead, CEO of Sumer

You may also like

BrewDog Co-Founder James Watt Steps Down as CEO...

May 9, 2024

Ikea to Hire Virtual Staff for £13 an...

June 7, 2024

Starmer installs non-political ministers in ‘government of all...

July 7, 2024

Insolvencies driven up by rocketing costs

February 15, 2023

UK retailers hit by drop in footfall as...

October 11, 2022

Thames Water told by regulator to find extra...

February 28, 2024

Small business champion Good Business Pays appoints former...

February 27, 2023

Government loan saves 1,800 steel jobs and secures...

June 26, 2023

Racecourse takings jump post-Covid

September 23, 2022

HSBC glitch hits Customers and businesses on one...

November 24, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • IVF parents should have right to paid fertility leave, says GMB union

      June 9, 2025
    • Reform UK clashes with Bank of England over interest payments to lenders

      June 9, 2025
    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025

    Categories

    • Business (8,154)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved