New decentralised paytech Clowd9 launches to “transform” global payments system
Clowd9, a cloud-native, decentralised payments processing platform, has launched in the UK with the aim to “revolutionise” the technology powering global transactions.
Clowd9 is on a mission to “revolutionise” global payments
Founded by Suresh Vaghjiani, Cosmo Spens, Artur Grabowski, Robert Hampel and Peter Selman, the start-up intends to “transform” the technology that underpins the global payments system through on-demand, real-time and cloud-native payment processing.
Built with microservices architecture, Clowd9 can “scale up and down” according to transactional demand, making the platform more energy efficient and resilient compared to legacy architecture.
Operating entirely in the cloud, the company has removed the need for physical back-end systems hardware and its decentralised model allows virtual access anywhere in the world, with payments transactions routed to the nearest regional cloud.
Clowd9 also offers clients real-time transaction monitoring and customised data reporting, with integrated technology that enables clients to provide enhanced controls for the end user, including spending limits.
Headquartered in London, Clowd9’s investor base includes former partners at Goldman Sachs, Morgan Stanley, JP Morgan, Deutsche Bank and Vantage Capital Markets.
Clowd9 CEO Vaghjiani says the team behind the firm “have each experienced the pain points created by the legacy technology that underpins much of the payments processing industry”.
Vaghjiani continues: “Clowd9 was founded on the belief that by deconstructing complex, legacy based payments technology, we could build a new generation payments platform, that can more efficiently service the fintech and banking sectors globally.”
