Payment Company Credorax Rebrands to Finaro

Credorax, a global cross-border payment provider, recently announced that it has rebranded as Finaro. The company will focus on providing the ideal solution for cross-border businesses with its cutting-edge technology and superior support.

Founded in 2009, Credorax currently employs over 350 people, and is based in Israel and Malta, with presence in China Mainland, Hong Kong, the United States and across Europe. The news of the rebranding bookends a strong 2021, with Finaro’s 40% year-on-year compound annual growth rate.

Credorax has already been proven as a payments provider that facilitates its merchant’s growth and with the global fintech industry expected to skyrocket to $190 billion by 2026, this rapidly accelerating trajectory creates the perfect environment for Finaro’s new brand to establish itself as a strong player amongst its peers.

“Our evolution from Credorax to Finaro reflects the revolution our business has undertaken since joining the payments world 15 years ago and our rebranding is the next step in our growth as a company and on our path towards realizing our vision of commerce, untethered. I’m incredibly proud reveal our new brand identity as Finaro,”said Igal Rotem, Chief Executive Officer for Finaro.

“We came into this industry with a fresh view because we saw obstacles that needed getting beyond, and that’s what we have been doing ever since,”commented Moshe Selfin, Chief Operating & Chief Technology Officer for Finaro.“We pioneered a multidimensional approach to payments that untangles even the most wicked problems in the payments space, paving the way for new and exciting possibilities and giving our merchants a meaningful competitive advantage.”