Press release
CyberFinance Rating Agency PayCom42 Launches Platform to Rate and Review FinTechs and PayTechs
PayCom42 is a rating and review platform for the cyberfinance space with the mission is to list, review and rate FinTech and PayTech companies. According to estimates by various experts, there are between 20,000 to 30,000 such payment processors worldwide. Only a few of them are regulated and supervised by financial market regulators.Most people know the big regulated FinTechs like Revolut, Monzo, Starling Bank or N26 and use their services. Much less people know the (partially) regulated Crypto FinTechs like Coinbase, Kraken or Binance. Typically, they are supervised by regulators, rated and reviewed on platform like Trustpilot. However, hardly anyone knows the remaining 99% of FinTechs.
Customers of unregulated FinTech and PayTech are not protected. Their deposits and funds are not insured, they do not receive compensation in case the company collapses. Moreover, no regulator or ombudsman feels responsible for client complaints. Unregulated FinTechs and PayTechs operate in the gray or black area. This is particularly true for the high-risk segment such as adult business, online gaming or online trading. This is where PayCom42 comes in.
PayCom42 systematically screens the CyberFinance space, identifies and lists FinTechs and PayTechs, categorizes and reviews them and rates them according to a 5-star system like Trustpilot. The rating is based on the one hand on the research of the PayCom42 team but also by customers of the respective FinTechs and PayTechs as with Trustpilot.
The listings are constantly updated and are intended to help merchants in the B-2-B segment in their search for payment processors as well as consumers in the B-2-C segment in their selection of companies through which they want to process financial services.
FinTechs and PayTechs can register on PayCom42 with a "Curated Listing Package" or claim an existing listing.
PayCom42
Vako GmbH
Seilerstätte 22 Stiege 1/Tür 23, 1010 Wien
Alexander Boehm
alex@paycom42.com
PayCom42 is a CyberFinance rating agency focused on the systematic rating and review of FinTechs and PayTechs with the mission to provide a reliable guidance for consumers and merchants. Reviews and ratings are based on PayCom42 research activities and crowdsourced intelligence contributed by clients of the listed companies
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