MasterCard Announced on 1any October he was about to get start Minna Technologies, which publishes subscription management applications for banking institutions. Headquartered in Gothenburg (Suede), the young company is developing several solutions for Banks and fintech Allowing them to display all customer subscriptions on their app or website. Through this single platform, customers can sign up for other subscriptions, put them on hold, change plans and even payment methods.
Founded in 2016, the B2B2C startup has 120 million users using integrated banking apps to manage subscriptions, with 22,000 business customers in Europe and the US. Major banks are among its clients, e.g a jobOr Lloyds Banking Group or even Bank of Scotland. The acquisition should enable Mastercard to offer a single subscription offering solution, whether in a banking app or in a central “hub.” The payments giant is also expected to implement digital receipts, as well as guidelines to help customers understand their subscriptions and remove unnecessary subscriptions where appropriate. The buyback, the amount of which has not been announced, remains subject to regulatory review.
Giant Premium Multiplying acquisitions to enrich its services. In 2020, for example, it acquired Finicity, an American fintech company specializing in open banking, for $825 million (747 million euros). At the end of September, MasterCard also announced in September its acquisition of… Future registered cybersecurity company For $2.65 billion (2.4 billion euros). Its competitor, Visa, is not to be outdone: last week, The American company reached an agreement To accommodate British startup Featuresspace, which specializes in detecting fraud and financial crimes using algorithmic tools.
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