The idea about socializing when shopping online was exposed when taking cognition psychology class and business economics. The Swedish FinTech StartUp company was formed in Stockholm during studies in Affärshögskolan and KTH. A target market analysis was paid for and the opportunity to attend to an acceleration bootcamp during 5 weeks to explore business possibilities with the new shred payment phenomenon. State-owned Almi AB did invest in our solution two ways. “We are ready for international markets after deep testing and exploratory interviews.” Says Gustav Frändfors. MAVIS PAY can deliver an easy to navigate experience compliant with regulations regarding digital transactions due to knowledge in business economics, sales, law, programming and financial technology. This is a problem since customers lose their rights to insurance and guarantees when paying their part of an order total using cash or apps like Swedish Swish. The consumers are using temporary solutions to bridge the gap on the present digital market when interacting with digital commerce. Not only that, we can launch our first product on the market! Working with Almi, Mediakonsulterna, AdomatIQ, Microsoft, Pennybridge and Adyen.Īlso we are turning one year old and celebrate the birthday in October. A simplified and improved check out experience for buyers and sellers on the Internet. Payish apply Swedish financial technology to the shredded payment market. Shred payment is not the same as a split payment where transactions must be divided by several payment methods. For example: the shred payment of $100 to an e-shop can be made when the customer pays $50 by credit card and $50 is paid from a friend's credit card. Shredded payment (also shredded payment transaction) is the financial term for the act of shredding (dividing) a dynamic or a full amount of online payment in one or several simultaneous transactions made by different legal entities to jointly contribute part of the order total. The sharing economy and Payish innovation "shred pay" lead to less material consumption with still satisfied consumption needs.
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