PayPugs and Muniy join forces to launch FinTech as a Service offering

By Gloria Methri

PayPugs, the digital payment solutions provider, has teamed up with neobank Muniy to accelerate the adoption of FinTech services in the UK and Europe. This collaboration aims to roll out a FinTech-as-a-service solution that will help businesses easily integrate financial services into their product offerings.

The new offering brings together the PayPugs account, payment and card infrastructure, and Muniy front-end development expertise. Both companies will work together to develop online and mobile banking applications and back-end infrastructure for financial and non-financial companies.

The FinTech-as-a-service product offers a range of features that can be customized to meet specific client needs, including easy API integration, different transaction types, IBAN accounts and different web and mobile interfaces.

“Our goal is to make it easy for people to use our platform and start their FinTech journey with just a click of a button. Muniy allows us to build technology quickly, which means our customers can get their products to market in a short amount of time. The partnership we have in mind is about giving you superpowers that you can pass on to your customers. We want everyone to have the tools they need to succeed!” said Jeremy Suarez, co-founder of Muniy.

Alexander Zelinsky, co-founder at PayPugs so, “With this partnership, we aim to tackle the problem of fragmentation and allow entrepreneurs and companies to launch their own fintech product quickly, cost-effectively, and most importantly – under one system. We will continue to leverage our experience and expertise and support businesses from demanding sectors with high growth.’