Financial technology innovation enables seamless end-to-end payment solutions for brands
TORONTO, CANADA (Oct. 23, 2019) �Berkeley Payment Solutions (Berkeley), a leading global payments solution provider, today announced the acquisition of FinTech start-up, Pungle, an innovative payments platform that enables frictionless, real-time transfers.
�This acquisition positions Berkeley to be one of the most innovative, fastest-growing FinTech companies globally,� said Jonathon Hamburg, CEO and Founder of Berkeley. �We are thrilled to join forces and welcome the Pungle team to our fold, as this will allow us to continue to innovate and build impactful payment technology platforms.�
Pungle, a nominee for �Fintech Startup of the Year,� is a payments platform that enables payments that are fast, integrated and easy-to-use. With Pungle, businesses and consumers can push and pull funds in real-time to and from a bank account, a prepaid card and a credit card. Berkeley�s clients now have the flexibility of choice in how they pay and are paid
�Our mission has been to remove friction from payments,� said Pungle�s CEO, Paul Birkness. �By joining forces with Berkeley, it allows us to provide our customers with a more robust feature set, broader capabilities and global reach.�
�What attracted Berkeley executives to Pungle was Pungle�s industry-leading technology platform, and its robust innovation and development�, said Lawrence Tepperman, President of Berkeley. �Berkeley will be able to offer more than 800,000 current users access to world-class, scalable and reliable digital payment solutions.�
The founders of Pungle, Paul Birkness and Braulio Lam, will become members of Berkeley�s executive team. Birkness will assume the role of Chief Product Officer (CPO) and Lam will serve as the company�s Chief Technology Officer (CTO).
To learn more about Berkeley visit, https://berkeleypayment.com.
Berkeley brings over a decade of experience offering fully branded, mass-payment solutions to corporations looking to disburse funds to customers, employees and suppliers via physical prepaid cards or virtual real-time payments. Berkeley provides end-to-end custom solutions, securely managing and sending funds while customizing user experiences and tracking results that drive successful outcomes. Berkeley provides services to corporations, governments and non-governmental organizations (NGO) in the Americas, Europe and Asia.
Full Press Release Here.