FLIZpay
The mobile payment method that is instant and free of fees for companies, while payers earn cashback on their payments.
Payment acceptance is expensive, with charges typically ranging from 1% to 7% of sales. With new regulations passed on instant payments, we developed FLIZ, a payment method that incurs no direct costs. As a result, we can offer companies a fee-free payment method that also reduces liquidity costs. Moreover, FLIZ helps improve conversion and customer loyalty by using saved fees as marketing budget in the form of cashback. Payers, on the other hand, receive cashback with an easy-to-use solution that includes all the features they're accustomed to, such as paying friends.
First shops are live, and currently softly launching more pilot shops every week (e.g. marbledworks.com).
Waitlist of over 50 online shops, representing roughly €75M in revenue.
Advisor backing from FinTech unicorn CEO.