Quppy, a digital financial solutions company, has completed an investment round with a promising €25 million. Led by reputable investors in various sectors, the round and its outcomes are evidence of this project’s commitment to becoming an all-in-one Superapp for the convergence of traditional and digital financial services.
Quppy is the first fully operational solution based on the bank as a service model. It allows everyday individuals and businesses to access the financial system with multiple features. Users can download it on iOS or Android to manage their crypto and fiat currencies, instantly open an account in EUR and GBP, and access Quppy’s top-up feature.
The round will enable this project to grow beyond its current limits in areas where a significant portion of the population lives outside the financial system. After 2020, due to the Covid-19 pandemic, the need for solutions like Quppy has expanded; Worlds are moving faster to digital.
Quppy CEO Dmitry Nikiforov claimed to be excited about the successful project tour. He highlighted the importance of the results after the US and EU markets underperformed due to the Covid-19 emergency. In this scenario, Quppy has been able to continuously grow in terms of customers and partners. Nikiforov added:
One of our main goals is to provide our clients with a completely new personal banking experience on a daily basis while contributing to the standards of open banking mechanisms around the world.
How Quppy Can Disrupt the Financial System
The project will expand to Latin America. Thus, users in this region will have access to invaluable tools to counteract the obstacles caused by the pandemic, lockdown, and shutdown of the banking system. The company is committed to meeting the demand of its customers for financial and contactless payment solutions.
By the end of 2021, Quppy will launch its prepaid cards to hit another milestone in 2021; The project is expected to increase its revenue by 20% on a monthly basis during this period. In addition to the top-up and other features, prepaid cards will be a new step in becoming the most convenient financial solution.
Covid-19 changed the lives of every person on the planet and underscored the harassment of the old economic order. Reputable companies, such as Deloitte, report a growing demand for digital solutions in payments and finances. Quppy is well-suited to be at the forefront of this new digital economy, and its features have already connected users who would otherwise be completely separated from their families and loved ones.