Payment Technology Innovator Dimebox raises €5 Million

Amsterdam-based FinTech startup Dimebox raised €5 Million in a series A round from the BillPro Group, a leading global payment processing organisation. 

Dimebox offers Payment Service Providers, card acquirers, e-commerce platforms and APM’s a modular, white label SaaS solution for payment processing.

Dimebox: white-label full-service payment gateway

Dimebox has built a full-stack global acquiring solution, offering financial institutions the latest innovations in online payments. Dimebox offers its customers a white-label full-service payment gateway to take control of all their payments, providing them with tools to increase automation and reduce costs.

Investment for Dimebox' expansion and product extension

The investment will enable the growth of the company as well as the extension of the platform capabilities. Raymundo Leefmans, CEO and co-founder of Dimebox: “With a team of international payment experts we have built a platform to address issues that financial institutions have struggled with for some time. Futureproof and easy-to-integrate payment technology all in one place.

"Our in-house built platform offers a variety of modules that can be leveraged independently as well as in a full-stack acquiring solution modules that are otherwise offered by different suppliers. As a result, the Dimebox service can be adjusted to provide the highest level of automation, increase conversion and decrease (operational) costs significantly.”

The latest acquiring processing technology

“At BillPro we are constantly looking for ways to use innovative technology to better serve our global customers and streamline their payment process,” said Daria Rippingale, CEO of the BillPro Group. “Our partnership with Dimebox will give us access to the latest acquiring processing technology, helping us to expand in Europe.”

About Dimebox

Headquartered in Amsterdam, Dimebox is an innovative payment technology provider, founded by key experts with years of experience in the CNP Payments industry; expertise which enabled them to develop a full-stack acquiring solution.

Dimebox offers PSP’s, acquirers, e-commerce platforms and APM’s a smart payment intelligence platform. The modular, white label SaaS solution includes fully integrated risk management, A.I. based fraud protection tooling, chargeback automation and billing and settlement capabilities, enriched with smart data analytics, machine learning and business intelligence features.

The result is a powerful end-to-end processing solution enabling realtime decision making throughout the entire payments value chain.  

About the BillPro Group

The BillPro Group, headquartered in London UK, is a leading global payment processing organisation, with business units in Asia, Australia, Europe and the USA; and includes payment institution licences in Europe and Hong Kong.

Through its network of international banking partners, BillPro provides merchant processing solutions including credit card, eCheck, ACH, international bank payments and secure multi-currency payment options.

Merchants are also offered a Level 1 PCI DSS Compliant payment gateway that is fully integrated with many of the world’s largest gateways and shopping carts. With competitive rates and lucrative partner programs, BillPro offers merchant accounts for domestic and international merchants.

Article sourced from Press Release by Dimebox, March 1st, 2017
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