Akurateco
Akurateco

About us

Akurateco is a cutting-edge white-label payment software vendor, delivering tailored infrastructure solutions for payment providers, merchants, and financial institutions worldwide. We help businesses bypass complex and costly development processes, allowing them to focus on what they do best without compromising on payment system quality.

How the payments market has evolved throughout the years

Explore the transformation of the payments market from single payment integrations in the 1990s to today’s diverse ecosystem of multiple providers. This timeline showcases the journey from traditional banking dominance to the rise of specialized fintech solutions and comprehensive payment service providers.
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1990s-2000s:
Rise of Banking Dominance

  • As Europe moves towards a unified market, banks start to shift their attention from merchant payment services.
  • Specialized e-commerce players emerge, outperforming traditional institutions.
  • Mergers and acquisitions (M&A) intensify, drawing significant capital into the fintech sector.

2000s-2010s
Emergence of Specialized Payment Solutions

  • As Europe moves towards a unified market, banks start to shift their attention from merchant payment services.
  • Specialized e-commerce players emerge, outperforming traditional institutions.
  • Mergers and acquisitions (M&A) intensify, drawing significant capital into the fintech sector.

2010s-2020s:
The Fintech Boom

  • The market opens up to specialized fintechs, vastly improving digital payment services.
  • Global payments flourish as companies focus on multi-channel distribution.
  • Payment service providers (PSPs) start offering comprehensive solutions.

2020s-2030s:
The Era of Seamless Integration

  • Payment services become deeply integrated into various technologies.
  • Thousands of companies, including SaaS providers, start offering payment solutions, facilitating seamless transactions.
  • The majority of international retailers have adopted a multi-acquirer approach instead of relying on a single payment provider.
Our Leaders

Our Story

Akurateco was founded in 2019 by a team of seasoned professionals with over 15 years of hands-on experience in online payments. Over the past two decades, our founders have collaborated on various projects within the payment processing industry, gaining first-hand insights into its challenges and opportunities.

 

Driven by their deep understanding of the industry’s pain points, they envisioned a solution that would simplify and enhance the way businesses handle payments. Thus, Akurateco was born—a white-label turnkey payment platform designed to be an all-in-one solution for seamless payment processing, packed with innovative technologies and multiple integrations.

2019
September
Akurateco is officially founded.
2020
November
MVP of the product is ready
2021
March
First live transaction on the platform
2022
July
Akurateco participates in Startup Wise Guys Fintech Accelerator
2022
December
100K EUR pre-seed investment obtained
2023
April
Our platform is now available for on-premise deployment at AWS, Oracle cloud and MS Azure
2023
June
Akurateco closes 300K EUR seed funding round.
2023
September
Akurateco integrates 350 connectors globally.
2024
May
We received certification as a Participating Processor for Google Pay
2024
March
Last 12 months processed volume exceeded 1 billion EUR
2024
June
Out team kept expanding, reaching 60 people ready to be laser-focused and disrupt the payments market

Our Leaders

Andrew Riabchuk
Andrew Riabchuk
Founder and CTO
Leads the development and architecture of Akurateco.
Volodymyr Kuiantsev
Volodymyr Kuiantsev
Co-Founder and CEO
Oversees overall management, finance, marketing, and investor relations.
Alexandra Dolia
Alexandra Dolia
Co-Founder and COO
Handles project management, business development, business process organization, and client relations.

Lets enhance your payment performance together!

Choose Akurateco, forget about technical stuff and focus on what matters most – growing your business

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