The leading Swedish expense sharing fintech Steven has chosen Enfuce, one of Europe’s leading fintechs, as its payment card issuing provider. The aim of the partnership is to expand Steven’s expense sharing solution to multiple European countries in the near future, starting from Sweden.
Steven offers a payment solution that makes sharing expenses easy with friends and family. Available on iOS and Android all over the world, the Steven app keeps track of all expenses and knows who owes who.
With Steven, users can keep track of all of their expenses in real time and select the ones they want to share with others to get paid. There are many use cases for Steven, such as sharing expenses when traveling together, arranging a party or sharing expenses within your household. Steven has around 160,000 users generating 100,000 expenses per month – and its user base is growing with thousands of users organically each month.
With the help of Enfuce, Steven is launching a Mastercard product. The card is connected to the Steven app, making sharing expenses even more seamless. Customers can start using their new card instantly with the biggest digital wallets.
“We highly value our partnership with Enfuce because we are doing great things together. They are enabling us to launch a payment card as well as digital wallets making sharing expenses with friends and family even more seamless in Sweden and in a handful of other EU markets in the near future”, says Jon Wimmercrantz, Chief Marketing Officer at Steven.
“Steven is a forerunner in expense sharing, and we’re very happy to partner with them to help them scale their innovative solution all across Europe. Like Enfuce, Steven has global aspirations and we are on this journey together”, says Monika Liikamaa, CEO and Co-founder at Enfuce.
Both Steven and Enfuce have been part of Mastercard’s Lighthouse FINITIV program where they initially connected. A program which brings startups, banks, investors and advisors together to scale innovative ideas.
“It is great to see two innovative companies like Steven and Enfuce from our Mastercard Lighthouse program collaborating making sharing expenses easier”, says Mats Taraldsson, Head of Innovation, Fintech and Impact-Tech Engagement, Mastercard Nordic and Baltic.
For further information:
CEO and Co-Founder at Enfuce
+358 50 306 5213
Chief Marketing Officer at Steven
Steven makes shared expenses easy, with your friends as well as within your household. The app keeps track of all your shared expenses and knows who owes who. When it is time to settle Steven handles payments as well as reminding those that have forgotten to pay so you can focus on doing things you love with the people you love.
Learn more about Steven here: http://www.getsteven.com/
Enfuce offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. By combining industry expertise, innovative technology and compliance, Enfuce delivers long-term and scalable solutions quickly and securely. Founded in Finland, Enfuce recently expanded its geographic presence in Germany and France and has over 16 million active card users on their platform from whom Enfuce processes close to €1 billion transactions annually.
Enfuce has raised multiple rounds of venture capital funding and has been recognised by e.g. TheFinTech50, Visa Fintech Fast Track programme, Mastercard Lighthouse Development Programme, Deloitte Technology Fast 50, and as winner of the 2019 PayTech Award for “Best Payments solution for Payment Systems in the Cloud”.
More information about Enfuce at: www.enfuce.com