Zen launches in 30+ jurisdictions

The fintech company, launched by Dawid Rożek, co-founder of digital games marketplace G2A, holds a digital money licence from Lithuania's central bank, giving it access to a broad range of jurisdictions in Europe

Poland-headquartered fintech company Zen is now live in more than 30 countries across Europe.

Zen is offering a multi-currency current account combined with Mastercard-backed payment cards in a bid to target the growing ecommerce market.

The fintech company, launched by Dawid Rożek, co-founder of digital games marketplace G2A, holds a digital money licence from Lithuania’s central bank, giving it access to a broad range of jurisdictions in Europe.

Zen’s mobile app-based offering is two-fold and designed to simplify ecommerce for both consumers and businesses.

Consumer multi-currency current account holders will receive several added benefits, including purchase protection, support, partner savings, and Apple Pay and Google Pay integration thanks to the partnership with Mastercard.

Businesses, meanwhile, will get access to a current account and an online platform, providing swift payments and flexible payment options.

Zen also says its business customers will receive no chargeback claims, lowering the cost of ecommerce business.

Rożek, founder of Zen, commented: “As an entrepreneur running my own business, I have encountered many challenges managing my finances and money transfers with traditional banking solutions. It has been taking too much of my time, distracting me from growing my business.”

“This experience has made me realize that more people like myself need a comprehensive, digital financial suite which gives peace of mind in terms of managing their money and cash flow. This is how the Zen concept was born. Our mission is to provide effortless banking experience and online payments so that our clients can focus on what really matters.”

Commenting on Mastercard’s role in the launch of Zen, Raja Rajamannar, chief marketing and communications officer, said: “Mastercard is partner of choice for fintechs around the world and we are delighted that Zen has selected us to not only partner on leading product development, but also their launch and communications strategy.”

“I truly believe that Zen’s exciting new customer value proposition combined with a strong marketing strategy driven in partnership with Mastercard, will be a great success for the many people it serves.”

Image: Zen

Mark Dugdale