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Payments Startups in Bulgaria

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Payments startups in Bulgaria

There are 45 Payments startups in Bulgaria which include Payhawk, phyre, Paynetics, eMerchantPay, Icard. Out of these, 10 startups are funded, with 5 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 3 new companies have been launched annually.

Here is the list of top Payments startups in Bulgaria

Cloud-based expense management solutions for corporate travelers. The platform allows users to collect and read expenses in real time with features that include automated data extraction from invoices and receipts, automated categorization, live budget tracking, real-time reconciliation, and accounting integration. The app is available on android and IOS platforms.

Key facts about Payhawk

Provider of mobile-based financial services and digital wallet. It offers a current account, person-to-person payments, utility bill payments, and e-vignette purchases. Users can also manage loyalty cards and pay with a virtual or physical Mastercard directly through the app. The service includes transaction notifications and expense categorization tools for budget management. Payment services are provided through a licensed electronic money company.

Key facts about phyre

Issuer processing platform for B2B and B2C payment solutions. It offers issuing of prepaid cards and e-wallets. The e-wallet is used for money transfer solutions between the users and a virtual prepaid card is linked to the e-wallet for offline payments. It also offer a physical prepaid card for both online and offline purchases.

Key facts about Paynetics

Online payment processing services provider. It offers a host of services including payment gateway, processing, hosted payment page, fraud and risk management etc. It also offers support for alternative payments' method including bank payment, cash, e-wallet and mobile payments. It extends billing outsourcing services with two products, eMPPay and eCommerce solutions, offering fully-hosted and semi-hosted payment pages with options for branding. Apart from processing and gateway, it also offers allied services like merchant account, API for gateway integration, transaction data, reporting and billing services and integration of e-commerce shopping carts like XCart and Magento.

Key facts about eMerchantPay

  • Founded Year: 2002
  • Location: Sofia (Bulgaria)
  • Stage: Unfunded
  • Tracxn Score: 45/100 What is this?
  • Competitors Rank: 327 of 6,687 Competitors
Provider of digital payment and money management services. It offers a digital wallet with features including mobile payments, virtual cards, and international money transfers. The platform facilitates easy account management, real-time balance updates, and multiple currency support. A debit card is available, offering worldwide acceptance. The service also includes robust security features and various account plans to cater to different needs.

Key facts about Icard

  • Founded Year: 2008
  • Location: Sofia (Bulgaria)
  • Stage: Funding Raised
  • Investors: Demtech
  • Tracxn Score: 45/100 What is this?
  • Competitors Rank: 3 of 8 Competitors
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