Company Overview
Snapshot
Founded in August 2018 by Ophir Gertner, Pay Set operates with 51–200 employees. The company is currently implementing Thought Machine's Vault Core banking system to enhance its international payments platform.
Business overview
Pay Set Limited provides an exclusive payment solution offering multi-currency accounts, prepaid cards, and currency exchange services. The company enables businesses of all sizes to efficiently manage funds globally, facilitating transactions with staff, clients, and suppliers. Operating within the Business Software and FinTech sectors, Pay Set focuses on money transfer and management solutions, targeting enterprise, professional services, and SMBs/SMEs.
Strategic signal
In November 2022, Pay Set announced the implementation of Thought Machine's Vault Core banking system. This strategic partnership is critical for Pay Set as it aims to significantly improve its international payments platform, signaling a commitment to enhancing its technological infrastructure and user experience, and preparing for expansion into the European Union with an anticipated electronic money institution (EMI) license in Denmark.
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- What is Pay Set's primary business activity?
- Pay Set Limited offers an exclusive payment solution that includes multi-currency accounts, prepaid cards, and currency exchange services, enabling companies to manage global fund transfers.
- When was Pay Set founded and by whom?
- Pay Set was founded in August 2018 by Ophir Gertner.
- What significant technology implementation did Pay Set announce?
- In November 2022, Pay Set announced the implementation of Thought Machine's Vault Core banking system to underpin and enhance its international payments platform.
- Where does Pay Set have R&D and sales offices?
- Pay Set has R&D and sales offices in Yokne'am Illit and Ramat Gan, Israel.
- What are Pay Set's plans for European expansion?
- Pay Set is preparing to launch a new onboarding system and anticipates receiving its electronic money institution (EMI) license in Denmark, which will enable it to expand and serve clients in the European Union.