Ex-Traders Group CEO Launches Payments Solution BridgerPay

Ran Cohen, the founder of Traders Group, has started the new year with a bang. On Wednesday, Finance Magnates learnt that the former CEO has launched a new payments company called BridgerPay.
The launch of the new company comes less than six months after Cohen announced that he had , a company that focuses on trading education, to Axios Capital – a private equity firm.
According to Cohen, the new solution amalgamates payments data gathered by merchants. That information can then be visualised and, along with a set of other pieces of technology, used to determine the most efficient means by which to settle payments and increase approval ratios.
“Most of existing payments infrastructure [was] not built to handle the exponential growth, complexity and scalability of the current global payments arena,” Cohen told Finance Magnates. “BridgerPay is a single source of truth, allowing merchants to connect their data across providers and countries and to gain the right insights instantly.”
BridgerPay already seeing success
Cohen may have only launched BridgerPay in the past couple of months but it is already enjoying some success.
The company has, for instance, been picked up by KPMG’s FinTech Start Up Program. According to Cohen, the consulting giant will guide BridgerPay through its upcoming fundraising rounds.
On top of this, the company has formed more than 100 partnerships with payment service providers and payment solutions firms operating in the retail trading industry.
Currently, the company has one office in that hub of retail trading activity – Limassol, Cyprus. That number is likely to grow, however, as formal representatives for the company are setting up shop in Canada, Israel and Australia.
Cohen’s experience in the retail trading industry is likely to make that market his first port of call once BridgerPay is really up and running but that doesn’t mean the company’s solution wouldn’t be useful to almost any online merchant.
“Our intention is to create initial traction in the financial industry that we know well,” said Cohen. “Then we can continue…to grow in the global online businesses market.”
BridgerPay will be launching later this month at the iFX Expo Asia. So, if you haven’t already, get your ticket and for what will be one of the most scintillating events in the retail trading industry this year.