5 FinTech companies digitizing the financial sector in Malta

By Gloria Methri

More than 200 islands in the Mediterranean make up the small nation of Malta. Although it is the smallest in the world, many tech entrepreneurs flock to the country, making it a hotspot for European startups.

In particular, Malta is ranked third (after Great Britain and Sweden) on the list of countries that create a complete and efficient environment for the development of FinTech companies. Malta positions itself as the best place for innovative FinTech companies, among them InsurTech and RegTech, as well as the many industrial technology specialists who develop applications for this industry.

Here are five such FinTech start-ups and companies that are taking a variety of approaches to innovating the financial industry in Malta.

Moneybase is a digital financial services platform that helps individuals and businesses manage their finances easily. The company integrates efficient technology with the human factor to offer its customer base a non-automated, local and ISO certified customer support service. Users also benefit from the app’s features as a one-stop solution for all things finance, from payments to investments.

Binance is a popular cryptocurrency exchange platform with a financial product suite that includes the largest digital asset exchange by volume. The platform is dedicated to increasing the freedom of money for users and has a large portfolio of crypto products and offers.

Truevo Payments is a multinational FinTech company providing secure e-commerce, mobile POS and virtual POS card payment services. It allows businesses to accept Visa, Mastercard, Google Pay and Apple Pay payments in over 150 currencies and receive settlements in the currency of their choice. Truevo’s products include card acquisition, a virtual point of sale, payment gateway services, in-app payments, a smart point-of-sale (POS) terminal and a payment solution.

Maxpay is an international payment service provider with a focus on card processing and professional business support. It provides access to a broad set of merchant tools within the payment processing stack, delivers local insights and offers tailored risk intelligence solutions for online business owners operating across all risk industries. The network of professional online payments offers online businesses live support, resources and tools to scale worldwide.

Entercash is a young, dynamic FinTech company established in 2011. It offers efficient payment services to sellers, and simplifies the customer’s everyday routines. Entercash manages targets for a pan-European customer base by providing a secure, real-time bridge directly to customers’ preferred payment bank accounts.

READ ALSO: Global Digital Banking Vendor & Landscape Report Q4 2022