Our mission

We embed payments, so you can build better products

We embed payments into vertical SaaS platforms so that merchants and their customers can benefit from frictionless payments experiences.

People in the office
People in the office
People in the office
People in the office
People in the office
People in the office
People in the office
People in the office
People in the office

20+

Payment Flows

80+

Components

55+

Payment Methods

17

Team members

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People in the office
People in the office
People in the office
People in the office
People in the office
Founding team

Payment nerds with a passion for Payments

In the future, successful payment companies will be those that bring the most value to vertical SaaS platforms. These platforms are increasingly offering financial services directly to their customers, re-defining relationships with traditional Payment Service Providers.

With this in mind, we set out to create an embedded payments solution tailored for these platforms. With our extensive experience in the payments industry at companies like Adyen, Worldline, Verifone, and Uber, we know what it takes to run an efficient and compliant payments business.

Our approach is straightforward: we offer payments as a service using the PayFac model. This allows platforms to focus on improving their products for customers, while Fung takes care of the technicalities such as payments operations, risk management, compliance, and onboarding. We handle all the complex stuff so you don't have to.

People in the office
People in the office
People in the office
Founding team

Payment nerds with a passion for Payments

In the future, successful payment companies will be those that bring the most value to vertical SaaS platforms. These platforms are increasingly offering financial services directly to their customers, re-defining relationships with traditional Payment Service Providers.

With this in mind, we set out to create an embedded payments solution tailored for these platforms. With our extensive experience in the payments industry at companies like Adyen, Worldline, Verifone, and Uber, we know what it takes to run an efficient and compliant payments business.

Our approach is straightforward: we offer payments as a service using the PayFac model. This allows platforms to focus on improving their products for customers, while Fung takes care of the technicalities such as payments operations, risk management, compliance, and onboarding. We handle all the complex stuff so you don't have to.

Our core values.

We're a hardworking team dedicated to crafting valuable products that address industry challenges. Different verticals ask for a variety of solutions, and we're constantly on top of our game to deliver the best features to our customers. Our constant drive to innovate and build things allows us to optimize and stay ahead in the current payment ecosystem.

Payment nerds

We are payment nerds with years of experience in a mature industry full of geeks. We value learning and knowledge sharing

Payment nerds

We are payment nerds with years of experience in a mature industry full of geeks. We value learning and knowledge sharing

Product dedication

We obsessively craft payments products that impact daily financial experiences of our customers

Product dedication

We obsessively craft payments products that impact daily financial experiences of our customers

Transparency is key

Nothing is more important than transparency for building a team. Apart from good coffee.

Transparency is key

Nothing is more important than transparency for building a team. Apart from good coffee.

Embracing risk

Navigating the turbulent waters of payments, we surf the waves of risk to deliver compliant solutions

Embracing risk

Navigating the turbulent waters of payments, we surf the waves of risk to deliver compliant solutions

Devs for president

Our kingdom thrives under the rule of developers, architects of our digital realm of payments

Devs for president

Our kingdom thrives under the rule of developers, architects of our digital realm of payments

How it's going so far

September 2023

Payment Institution: Europe

Payment license from the Dutch Central Bank

July 2023

Primary Banking Partner ABN AMRO

Established a close-knitted partnership with the Dutch bank

June 2023

iDEAL Certified by Currence

Offering the famous Dutch payment method directly

February 2023

Moved Office to Pand Noord in Amsterdam

Opening our new office with a big launch party with friends & family

January 2023

Payment License

Digital asset registration from the Dutch Central Bank

November 2022

Payment Institution : The Netherlands

Payment license from the Dutch Central Bank

PCI Compliance Certification Granted

PCI Certification by VOC Consultancy

June 2022

€2.5M Seed Round

By GFC, Kingsway Capital, Kindred and Karatage

February 2022

Fung was Founded

By Alex Schoonkind, Andrei Valeanu and Konstantin Indjov

Our investors

Fung is licensed as a payment institution by the Dutch Central Bank and registered in the Netherlands under company number 85548413. Fung has passported its payment institution license to all European Economic Area member states, allowing Fung to offer its payment services in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

Made with ♥️ from 13 countries

© Fung Payments B.V. 2024 All rights reserved

Fung is licensed as a payment institution by the Dutch Central Bank and registered in the Netherlands under company number 85548413. Fung has passported its payment institution license to all European Economic Area member states, allowing Fung to offer its payment services in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

Made with ♥️ from 13 countries

© Fung Payments B.V. 2024 All rights reserved

Fung is licensed as a payment institution by the Dutch Central Bank and registered in the Netherlands under company number 85548413. Fung has passported its payment institution license to all European Economic Area member states, allowing Fung to offer its payment services in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

Made with ♥️ from 13 countries

© Fung Payments B.V. 2024 All rights reserved