BaFin Grants Payment Service License to WALBING

The Hamburg-based B2B FinTech company, WALBING, has obtained a Payment Service License from the German Federal Financial Supervisory Authority (BaFin). This license, only the second of its kind issued in 2023, enables companies based in Germany to provide payment services in accordance with the German Payment Services Supervision Act (ZAG).

The BaFin license marks a significant milestone for WALBING, who facilitates streamlined access to trade finance tools for B2B businesses through its innovative platform and Embedded Finance solutions.

Jörg Hörster, Co-founder and CEO of WALBING, comments, "BaFin rightfully sets high standards for its licensees, and we are pleased to have met them. Obtaining the license solidifies our independent position in the market and reinforces our commitment to helping our customers optimize and automate their payment processes."