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Wednesday, June 29, 2022

Latvian Swipe launches in Europe

Latvian gateway for invoicing and instant payments Swipe was launched in 2015 and it is now available in 13 currencies across most European countries.

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Founders stick to their promise to be easier than PayPal and faster than banks. They also maintain the focus on building the product around instant payments. Swipe team confirms that they still have a 70% instant payment rate for their clients’ invoices.

“We have found that most invoice recipients do have the money to pay instantly,” explains CEO Jevgenijs Novickis. “However, when it takes more than 1-2 minutes to pay, they usually put it off for ‘later’, and that ‘later’ never comes. Every bit of Swipe is built to solve this problem. Because we care how fast our clients get paid.”

Swipe is so confident in their product, that no user has to pay anything until the invoice gets paid.  This attracted SMEs as Swipe’s first clients. Jevgenijs says their new and current SME clients still value the quicker cash turnaround, daily payout option and the ease of accepting payments online, even without a webpage.

Swipe has also grown to service white-label corporate clients with a powerful API to integrate with custom enterprise systems. “Our invoicing already works worldwide,” explains Jevgenijs. “Our white label solution helps international holdings who manage payments in dozens of countries across several currencies easily optimise for instant payments. All their multiple brands and legal entities are linked to Swipe with just one integration.”

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Marija Odineca
Marija Odineca
I cover Baltic tech startups sharing startup stories, data, insights, and opinions

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