kevin.’s advanced A2A (account-to-account) payment infrastructure solution was created to swiftly change costly card payments to payments linked directly from customers’ bank accounts without using any third-party providers. kevin.’s technology scales to businesses of any size and across industries, including retail, parking, fashion, car-sharing, deliveries, insurance and many more. kevin. focuses on mobile and POS payments where customers predominantly pay using cards currently. Its payment infrastructure is based on open banking – regulated by the European PSD2 Directive – which requires all banks and financial institutions in the European Economic Area to open their API for licensed third-party providers. kevin. develops only own connections to the banks without using any third-party aggregators.
Currently, the Company supports more than 6,000 merchants in 15 markets, including Sweden, Finland, Poland, Spain, Netherlands, Baltics and Portugal, where the company has a coverage of more than 85% of bank customers. The firm’s services will be available in 28 European Economic Area (EEA) countries by the end of 2022. kevin. has a team of more than 260 employees in 20 countries and it plans to expand its workforce to beyond 350 employees in 2022.