Hawex IO: a company with big ambitions in the fintech market

Hawex IO — Who are they?

The Hawex IO company was organized in 2019 in Malta, and in 2020 it was moved to the UK, after receiving FCA (Financial Conduct Authority) authorization. A year later, Hawex IO entered the market as a PSP (payment service provider), offering a full range of financial services for businesses: performing banking operations, opening and maintaining accounts, Internet retrieval, as well as legal and technical support for clients. The idea for Hawex IO was to create an analogue of practical online banking, but only for business. During development, new technical solutions were tested, which enabled the company to cover more market segments.

Like many startups, Hawex IO was created by a company of like-minded enthusiasts who absolutely believed in the success of their project. According to this principle, a team of professionals was assembled. They are developing and maintaining the system now. Some of the employees are freelancers who only work on Hawex tasks. According to the company’s managers, such employees bring new ideas to the product and are actively involved in their implementation.

It is important to the Hawex IO team that their product not only works, but also meets the needs of its customers. The development is largely based on feedback from users: each request is analyzed individually, possible solutions are discussed, proposals for improving the system are studied. According to Romans Nekrutenko, CEO of Hawex IO, the company works continuously to combine several existing software solutions with its own developments, optimize them and get a fully functional service as a result. This process is continuous, because the team is constantly looking for new ways to develop and improve the product so that the user does not doubt the choice of Hawex.

Opportunity horizon: payment service provider, crypto processing and Hawex Mobile

As a PSP (Payment Service Provider), Hawex provides its customers with online collection services that allow them to accept debit and credit card payments online in any country. The modern world does not stand still. Today, standard money and bank cards are not the only payment methods – cryptocurrency payments have also gained momentum in recent years. Often, exchanging fiat currency for cryptocurrency is another mission. Hawex IO understands this, which is why one of the priority areas of development is the launch of its own crypto processing and a custodial wallet.

Hawex IO crypto processing provides acceptance, storage and withdrawal of funds from individuals to companies. Thus, companies can legally accept payments not only with bank cards, but also with crypto wallets. Seamless integration of Internet fetching and crypto processing is done under the mobile application – Hawex Mobile. This solution significantly increases the number of payment methods, and makes online purchases accessible and attractive to even more people.

Hawex Mobile offers the user to create an account where the customer can open custodial and non-custodial wallets. At the same time, there is no additional conversion. The application allows you to issue both physical and virtual crypto cards, as well as connect them to the contactless payment services Apple Pay and Google Pay. Thus, the client can make payments in cryptocurrency all over the world. Asset management is carried out in a WEB3 wallet — also through the Hawex Mobile application.

The year 2023 promises to be very important for the history of the company’s development: the release of Hawex Mobile is scheduled for March. In addition, Hawex aims to expand its coverage of the fintech market: the company has already announced plans to release a SaaS mobile banking application and a SaaS exchange.

Interestingly, the name “Hawex” consists of two words: “hawk” and partly “exchange”. According to the founders, this name was chosen for a reason: to catch a prey, the hawk carefully observes what is happening, hovers above the ground, and when it sees the target, it gets it unmistakably. This is the company’s strategy: to observe the market, find the customer’s pain points and solve them precisely. We can safely say that Hawex IO fully justifies its ambitious name so far.