Qori Rolls out Multi-channel Pay by Bank and Pay by Crypto for Merchant

France-based mobile payment solutions company Qori has rolled out a merchant payment method that enables the acceptance of Pay by bank and Pay by crypto.

Fazzaco Business Awards 2022 Officially Kicks Off

With the official launch of its product, Qori will enable over 350 million European consumers to pay in store, remotely or online with their bank or crypto wallet without having to download a proprietary app.

Qori's mission is to transform the payment experience for merchants, their clients, and their payment partners, by offering a fully digital, multi-channel, and cheaper alternative to card payments, combined with innovative client engagement features. 

After months of product development, the company releases its Pay by bank and Pay by crypto solutions to merchants through signed partnerships with European PSPs (payment services providers), terminals distributors, ecommerce integrators, as well as SmartPOS manufacturers, with an initial focus on France, Spain, and the UK.

The firm has secured EUR1.8 million in seed funding from backers including Hottinger, Golden Record Ventures, Firestartr, Systema VC and angels such as former Strip Europe head Guillaume Princen.

The funding will be used to expand Qori's development team and deploy its product at scale into the luxury, hospitality and lifestyle sectors, as well as online marketplaces.

"Today, two fundamental trends are disrupting the payments industry and challenging the central role of cards: open banking and crypto. Qori is seizing this unique opportunity to become the preferred multi-channel payment method for in-store, e-commerce and remote transactions." said Daniel Maurice-Vallerey, CEO, Qori.