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Founded
2020-01-01 in Tallinn, Estonia
Headquarters
Tallinn, Harjumaa, Estonia

Payoro is a European fintech startup that provides an open‑banking platform for fast, secure, and borderless digital payments. Founded in 2020 (with incorporation in 2021) and headquartered in Tallinn, Estonia, the company operates as a technology intermediary that connects consumers and businesses with licensed financial institutions across the European Union. Its core product, Payoro Connect, enables dynamic bank‑account servicing, real‑time money transfers, and rapid account opening through strong customer authentication (SCA) in compliance with PSD2. The platform also supports both fiat and crypto‑asset management within a single interface, and it offers a mobile app for on‑the‑go banking. Payoro targets merchants, businesses, and private individuals by providing fee‑free accounts, 24/7 customer support, and API integration for seamless payment workflows. The company is privately held and currently employs 2‑10 people. With a mission to make every transaction “effortless, secure, and fast,” Payoro has built a user base of over 40,000 registered customers and continues to expand its embedded‑finance capabilities, recently setting its sights on the Asian and Latin American markets.

Detailed Review

Products and Platform

Payoro positions itself at the intersection of traditional banking and modern embedded finance. Its flagship product, Payoro Connect, serves as a bridge between end‑users and partner financial institutions (banks and electronic‑money institutions). Through this platform, consumers can open a fully functional bank account in minutes, leveraging broad e‑ID support, and begin sending and receiving money across the EU in real‑time, 24/7/365. For merchants, Payoro offers a payout platform that delivers funds to customers and suppliers in minutes, along with a robust API for integrating payment flows into existing systems.

A key differentiator is Payoro’s support for both fiat and cryptocurrency management from the same account. This dual‑asset capability, combined with zero monthly fees and full online banking (no physical branches), appeals to a digitally‑native audience that values speed and flexibility. The platform’s security posture is reinforced by adherence to PSD2 SCA rules and the use of the latest encryption protocols.

Leadership and History

The company was initially led by Martin Osterloh (CEO from launch in 2020‑2021), a former Vice President of Digital Sales at Wirecard Bank. Current leadership, as of mid‑2025, includes Eugenio Corell as CEO and Pablo de Suñer Cobo as CFO, signalling a shift toward scaling the finance function. The founding team is understood to include Corell and Erling Løken Andersen (a lawyer, designer, and entrepreneur), though official confirmation of founder titles is limited.

Scale and Reach

Payoro’s headcount is small (2‑10 employees per LinkedIn), typical of an early‑stage fintech. It has not disclosed external funding and remains privately held. The company’s offices are in Tallinn (HQ) and Gibraltar, and it is registered in the UK as PAYORO LTD (Company No. 14689409).

Market Position

Competitors include other European open‑banking platforms and neobanks, but Payoro’s emphasis on real‑time settlement, crypto support, and a merchant‑focused payout tool gives it a distinctive offering in the B2B embedded‑finance space. Future growth will likely depend on scaling its user base, securing regulatory licences in new jurisdictions, and deepening its API capabilities for enterprise clients.

Key Products

  • Payoro Connect

    A platform for instant IBAN account opening in the EU/EEA using e-ID verification, enabling real-time payments, fast payouts, and API integration for merchants.

  • Payoro Wallet (upcoming)

    A mobile banking app for holding balances in fiat and crypto, sending money, and managing finances with zero monthly fees.

  • Merchant Payout Platform

    A service allowing businesses to send real-time payments to customers and suppliers across all IBAN-supporting countries.

  • Payoro Account

    IBAN-based business/personal account with fiat and crypto support, fast account opening via e-ID, and zero monthly fees.

  • Payout Platform

    Module for merchants to deliver funds to customers and suppliers in minutes, with real-time settlement 24/7/365.

  • API Suite

    Robust RESTful APIs for integrating payment initiation, account information, and payout functionality into third-party platforms.

  • Crypto/Fiat Support

    Allows management of both traditional currencies and cryptocurrencies within the same account interface.

  • Payoro App

    Mobile application for personal and business banking, supporting fiat and crypto balances, instant payments, and 24/7 customer support.

  • Payment API

    Robust API enabling businesses to integrate payment initiation, account information, and real‑time settlement into their own systems.

Offices & Headcount

6 employees (approx.)

Key Persons

Exhibition History

Related Companies

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