Verrency accelerates global expansion as the first FinTech to be selected into Plug and Play Fintech programs in three different countries
Verrency have announced expansion into Germany and another selection into Plug and Play’s prestigious Fintech Program. Verrency has been selected for Plug and Play’s accelerator programs in the Silicon Valley, Singapore and now in Frankfurt, Germany as the company extends its global reach in the FinTech market.
Thousands of start-up companies apply to Plug and Play’s accelerator programs each year before being thoroughly reviewed by Plug and Play executives and their corporate Financial Institution partners. Only a handful get the opportunity to participate in the accelerator. Verrency has passed this test three times in three different countries.
“It is wonderful to see Verrency thrive and it’s nice to have a hand in helping, not merely with facilities and typical start-up acceleration, but also in facilitating high-value connections and deals globally,” says Saeed Amidi, Founder & CEO of Plug and Play.
The Verrency platform solves major challenges for banks by accelerating banks’ ability to innovate their payments and card capabilities without modifying their legacy core payments infrastructure. Banks today are looking for solutions to keep up with the rapidly evolving landscape of fintech innovation. With one connection to Verrency, card issuing banks and processors can much more easily deploy new value-added services and compelling new digital customer experiences that delight consumers and drive real-time engagement.
“Bank disruption is a global phenomenon with similar payments infrastructure challenges crippling bank innovation in virtually every market,” said David Link, Founder and CEO of Verrency. “We’re thrilled to have been selected by Plug and Play in Frankfurt, following our selection in Singapore and Silicon Valley. We value the global connections and deal flow – and we look forward to working even more broadly with the Plug and Play team across the globe.”
