Please confirm you are eligible to work in the UK

News & Insight

Contis gains UK consumer credit licence with Paze acquisition

• Deal gives Contis access to Paze’s full suite of technology, including an AI-powered consumer lending system
• Acquisition follows Contis’ recent partnership with Visa to launch the FinTech fast-track programme

Contis, the business that is powering the banking and payments revolution, today announces it has gained a UK consumer credit licence following its acquisition of Paze Financial Limited (“Paze”).

The acquisition of a UK consumer credit licence will provide Contis with the capability to allow its B2B platform clients to offer credit to their customers alongside core banking functionality. In addition to the licence, Contis also acquired Paze’s full suite of technology, including a sophisticated consumer lending system with AI analytics to make real-time affordability decisions in seconds.

Contis’ acquisition of Paze follows its recent partnership with Visa to launch the FinTech fast-track Programme – an initiative providing FinTechs with access to full banking capabilities in as little as four weeks.

Commenting on the acquisition, Peter Cox, Executive Chairman and Founder of Contis, said:
“The acquisition of Paze is the latest step in our journey towards becoming the only one-stop solution for companies looking to transform the financial services industry.

“Contis now boasts a full range of licences and pan-European banking capabilities, following our acquisition of a UK consumer credit licence. We have the ability to power start-ups, helping them challenge the status quo and become major players in the wider banking and payments ecosystem.”

Flavia Alzetta, Chief Executive Office of Contis, added:
“With the acquisition of Paze and a UK consumer credit licence, we are excited to begin expanding our offering into the credit space and fulfil the lending needs of new and existing clients.”

Go Back
News & Insight

Contis joins Sunday Times Tech Track 100

Contis, has joined the 18th annual Sunday Times Hiscox Tech Track 100 league table, after growing over 60% annually for the last four years.

Published on Sunday 9th September, the Tech Track 100 for 2018 showcases Britain’s private technology, media and telecoms companies with the fastest-growing sales. For Contis, the fast-growing payment services provider, it’s a validation of success in it’s tenth year. Contis offers an innovative portfolio of alternative banking and payments services powering alternative banks, cryptocurrency exchanges and other financial institutions.

Read More
Awards

We are proud to have won some of the most prestigious awards in our industry.

  • Awards
  • Awards
  • Awards
  • Awards
  • Awards
  • Awards