Payment solution (investor sought)

There are between 800,000 and 1 million people in the Netherlands who struggle to access basic financial services such as a bank account in euros. Traditional banks have strict requirements which is challenging for many people. These barriers are further compounded by language problems, bureaucracy and long waiting times.

Business activities
Payment Solution (NL IBAN, Mastercard payment card and multilingual banking app) offers an innovative, regulated solution to break these barriers. With a simple procedure and multilingual support, users can quickly access their finances wherever they are within the EU. The business model is based on transparent and sustainable monthly subscriptions, where users pay a fixed monthly fee for access to a fully regulated payment account, including a debit card. In addition, the business generates revenue from transactions such as cash withdrawals and transfers.

USP

• Simple onboarding;
• Multilingual support, including personal customer service;
• Fully digital and accessible solutions tailored to users' needs;
• Personalized customer service in the customer's language is unique within the online banking industry.

Collaboration with organizations and employers
The employer portal provides an easy way for organizations and employers to allow their employees to use the service. The application only takes a few minutes and the required documents are automatically generated and added to the application. Once approved, the account is available for use the same day.