UNIPaaS, the newly founded payments company by SafeCharge’s former CEO, has gained a payment institution license from the United Kingdom’s Financial Conduct Authority (FCA).
According to the regulatory directory, the payments firm gained the license on December 14 and is officially registered as UNIPaaS Financial Services Ltd. This license will allow the company to offer several payment services.
New Venture After Successfully Flipping SafeCharge
Avgi is well-known in the payments industry for co-founding and heading for over a decade. The company was last year for $889 million.
UNIPaaS is his second venture in the payments industry, focusing on cloud-based services. Other co-founders of the new company are SafeCharge’s former top executives: Oded Kovach, and Limor Liberman.
The newly licensed payments company is offering flexible pay-in/pay-out options for both local and global customers and is targeting companies in both B2B and B2C arenas.
With offices in London and Tel Aviv, the payments company has already onboarded Citibank, AWS, SafeCharge and Banking Circle as its partners, as seen on its website.
“We are excited about collaborating with our first UK partners; companies that are seeking to implement multi-vendor payment systems deeper within their core products,” Avgi added.
David Avgi’s New Venture UNIPaaS Gets UK Payment Institution License
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