Match-Maker Ventures (MMV) announced today an extension of its partnership with PayKey, a Tel Aviv-based fintech company which has set its goal to embed banking services in customers’ everyday lives.
The enhanced partnership, prompted by the recent introduction of PayKey’s new Earned Wage Access solution for banks, will enable Match-Maker Ventures to better serve the pressing needs of the banking industry and enable banks to become key players in the embedded finance field with the help of PayKey.
“Banks are nowadays facing a financial ecosystem which is changing rapidly. New players are entering the financial landscape, and customers increasingly consume financial services in non-financial environments – just to name two of the many pressing challenges in the banking field” said Dr. Nicolai Schättgen, Founder and CEO of Match-Maker Ventures. “Banks are losing their relevance and dominance if they do not react smartly and promptly to the changes happening in the market. With PayKey and its innovative embedded banking platform that offers the Banking Keyboard and Earned Wage Access solutions, banks not only embed their financial services in the flow of customers’ daily life but also offer unique and innovative technology to their customers– consequently setting themselves apart from the increasing competition.”
MMV will continue serving as a strategic partner for PayKey’s international expansion with the help of its network of over 100 senior executives around the world, who understand current banking pain points and future trends happening in this field. “We have already been successfully collaborating with Match-Maker Ventures for several years now and are extremely excited to take this partnership to the next level with the introduction of our new Earned Wage Access solution and more embedded banking solutions to come. We believe it will allow us to substantially grow our business by leveraging MMV’s network of industry experts” said Sheila Kagan, CEO of PayKey. PayKey’s new Earned Wage Access solution will enhance MMV’s portfolio in the banking sector, solving a pressing challenge the industry faces today.
PayKey enables banks and financial institutions to unlock their full potential and become key players in the Embedded Banking field with its unique embedded banking platform offering the Banking Keyboard and Earned Wage Access solutions. While the Banking Keyboard solution offers its users the ability to initiate and complete a wide range of financial services within any app, including social & messaging apps, the Earned Wage Access solution provides employees with instant access to their already accrued wages before payday.
About Match-Maker Ventures
Match-Maker Ventures (MMV) drives tangible business impact by matching the innovation power of high-growth tech companies with the assets of large corporates. Our network of 100+ industry experts enables us to identify the best-fitting solutions for the dynamic needs of organizations. Our selective portfolio comprises of 15 scaleups with impactful deployments across 50+ countries in banking, insurance, telecommunications, e-commerce and beyond. Through a thorough match-making process, MMV ensures the right partners collaborate in the right way at the right time.