Former Netflix payments team raises €7.2M to date for payment performance platform Nopan
Summary
Nopan, a payment performance platform founded by former Netflix payments leaders Konstantin Surkov and Nick Ryabov, has raised €7.2 million to date. This funding, led by Newion with follow-on investment from Crane and Seedcamp, aims to enhance account and wallet payments, enabling them to achieve the performance and reliability traditionally associated with card networks. The company addresses the challenge of scaling new payment methods effectively, a problem its founders experienced firsthand. Nopan's infrastructure provides an optimisation layer for digital businesses and Payment Service Providers (PSPs) across Europe, helping them increase conversion rates, reduce costs, and achieve measurable business outcomes from account and wallet transactions. Currently live with initial customers, Nopan plans to expand its European coverage and further develop its optimisation capabilities.
Key takeaway
For Product Managers or digital businesses expanding payment options, you should recognize that simply launching new account and wallet payment methods is insufficient. To achieve card-network-level performance, reliability, and cost efficiency, you must invest in dedicated optimization infrastructure. Evaluate specialized platforms that provide an optimization layer to increase conversion rates and reduce operational costs, ensuring your payment strategy delivers measurable business outcomes at scale.
Key insights
Scaling account and wallet payments to match card network performance requires dedicated optimization infrastructure.
Principles
- Merchant-side experience is crucial for payment optimization.
- Launching a payment method is distinct from scaling its performance.
- Account and wallet payments demand card-level reliability.
Method
Nopan develops specialist infrastructure and an optimization layer to increase conversion rates, reduce payment costs, and deliver measurable business outcomes for account and wallet transactions.
In practice
- Prioritize post-launch payment method performance.
- Consider dedicated infrastructure for account/wallet payments.
- Focus on conversion and cost reduction for new payment types.
Topics
- Payment Performance
- Account Payments
- Wallet Payments
- Fintech Funding
- Payment Optimization
- Digital Businesses
Best for: Investor, Entrepreneur, Product Manager
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Editorial summary, takeaway, and curation by AIssential. Original article published by Tech.eu - Tech.eu.