5 FinTech companies digitising the financial sector in Malta

By Gloria Methri

More than 200 islands in the Mediterranean Sea make up the tiny nation of Malta. Although the smallest in the world, many tech entrepreneurs flock to the country, making it the hotspot for European start-ups.

Notably, Malta is ranked third (after the United Kingdom and Sweden) in the list of countries creating a complete and efficient environment for the development of FinTech companies. Malta is positioning itself as the go-to place for innovative FinTech companies, among them, InsurTech and RegTech as well as the many industry technology specialists developing applications for this industry.

Here are five such FinTech start-ups and companies taking a variety of approaches to innovating the financial services industry in Malta.

• Moneybase

Moneybase is a digital financial service platform helping individuals and businesses manage their finances easily. The company integrates efficient technology with the human factor to offer its client base a non-automated, local, and ISO-certified customer support service. Users also benefit from the app’s features as a one-stop-solution for all things finance, from payments to investments.

• Binance

Binance is a popular cryptocurrency exchange platform with a financial product suite that includes the largest digital asset exchange by volume. The platform is dedicated to increasing the freedom of money for users and features a large portfolio of crypto products and offerings.

• Truevo

Truevo Payments is a multinational FinTech company that offers secure eCommerce, Mobile POS, and Virtual POS card payment services. It empowers businesses to accept Visa, Mastercard, Google Pay, and Apple Pay payments in over 150 currencies and receive settlements in the currency of their choice. Truevo’s products include card acquiring, a virtual point-of-sale terminal, payment gateway services, in-app payments, a smart point-of-sale (POS) terminal, and a payout solution.

• Maxpay

Maxpay is an international Payment Service Provider focused on card processing and professional business support. It provides access to a broad set of merchant tools within the payments processing stack, delivers local insights and offers customized risk intelligence solutions for online business owners operating within all risk industries. Its network of online payments professionals offers online businesses live support, resources, and tools to scale worldwide.

• Entercash

Entercash is a young, dynamic FinTech company established in 2011. It provides efficient payment services to merchants, simplifying their customer’s everyday routines. Entercash manages targets a pan-European merchant client base by providing a safe, real-time bridge directly to their clients’ preferred payment bank accounts.