By: 14 May 2024

The partnership will bring multi-currency cards to Trading 212's portfolio

Trading 212 partners with Paynetics

Trading 212, an FCA-regulated online broker offering trading services, is partnering with Paynetics, one of the leading providers of embedded finance in Europe, to integrate multi-currency accounts and card payments within their trading services.

As Trading 212 continues to broaden its services, Paynetics provides the infrastructure to enable Trading 212 customers to use their account balance for everyday spending without having to cash out. Leveraging Paynetics’ trusted technology, this collaboration helps Trading 212 to provide a best-in-class card product for their customers.

Headquartered in London, Trading 212 provides regulated investment services, saving and active trading in the global financial markets. The app makes savings and investments accessible to everyone by offering an easy-to-use yet powerful investment platform.

By leveraging Paynetics’ pioneering embedded finance capabilities, this collaboration now provides Trading 212 customers with more comprehensive access to financial services through a single app.

Ivo Gueorguiev, co-founder at Paynetics UK, said: “We’re delighted to be partnering with Trading 212. Their innovative technology condenses a complex world into a simple and accessible app available in people’s pockets. By using Paynetics’ infrastructure, Trading 212 will be able to continue empowering investors with the ability to scale their trading globally. We look forward to working with Trading 212 as it disrupts the stock market.”

Kaloyan Yanchev, head of payments at Trading 212, added: “We’re extremely excited to be working with Paynetics – a leader in embedded finance. Democratising savings and investments is something that we’re very passionate about and this partnership allows us to increase the capabilities of our commission-free platform for our customers.”

With over 115 embedded finance clients, Paynetics empowers customers to design, build and operate financial products, drive innovation, foster financial inclusion, and augment social impact with sophisticated payment infrastructure.

The move comes not long after Paynetics acquired Novus to boost its ESG mission.

Images: Chris Liverani on Unsplash

Robert Welbourn
Robert Welbourn is an experienced financial writer. He has worked for a number of high street banks and trading platforms. He's also a published author and freelance writer and editor.