1POINT6 (ex Panto), a fintech dedicated to managing payments for marketplaces, obtains its status as an agent for the provision of payment services and signs its first client.
- Co-founded by BNP Paribas and the startup studio 321, 1POINT6 confirms its dynamism and commercial attractiveness less than 6 months after its launch in October 2023.
- Fintech aims to become a European leader within 4 years by becoming the reference fintech to support marketplaces in the management of their payments.
Paris, April 29, 2024 -
1POINT6, formerly Panto, announces the achievement of its status asagent for the provision of payment services and the signature of its first client less than 6 months after its co-creation by BNP Paribas and Studio 321.
In partnership with BNP Paribas, 1POINT6 is proud to present an avant-garde payment platform for marketplaces. The name of its brand, a reference to the golden ratio, reflects the precision and efficiency of its API, which is divided into six essential functionalities. Transform the way you receive and process payments.
“Since the start of this project, we have been convinced by the strong potential of 1POINT6 and the dynamism shown by fintech just a few months after its launch confirms this. By partnering with Studio 321, we have created the conditions for rapid and effective development. 1POINT6 has all the qualities to become a leading player in Europe in the service of trade platformization.” explains Neil Pein, BNP Paribas Group Sponsor of 1POINT6.
First approval, first customer and consolidation of its team
BNP Paribas has obtained the status ofagent for the provision of payment services for 1POINT6, allowing it, on its behalf, to manage the collection on behalf of third parties, the onboarding of sellers and transactions. In parallel, 1POINT6 launched the process to become an Electronic Money Institution (EME).
The fintech is pleased to announce the signing of its first client. The My Pizza Marketplace which is already using 1POINT6 technology to insure its transactions. My Pizza, a pizzeria franchise, wanted to make online payments possible for its franchisees to increase its growth. This franchise already has 8 points of sale, especially in Western France, and has strong ambitions to increase its footprint in the rest of the country. In a sector used to marketing and technical integrations lasting a year or more, this first active customer is a performance. The company's platform is fully operational and discussions are already under way with several other European marketplaces.
In addition, 1POINT6 is consolidating its management team alongside Guillaume Massis, CEO, by welcoming Frédéric Minot, as Chief Operating Officer (COO).
A fintech operational on its market in record time
“Discussions about this project started a year and a half ago. Commercial and technical developments have been extremely rapid thanks to our market access greatly accelerated by BNP Paribas' dominant position among businesses and the operational excellence of our tech team.” comments Guillaume Massis, CEO of 1POINT6.
1POINT6 provides all the payment functionalities necessary for marketplaces:
- Integration functionalities: optimized and facilitated integration thanks to a complete API that is accessible to all
- Features Cash In : acceptance of payments and access to multiple payment methods, adapted to each market.
- Features Cash Out : automatic redistribution of payments between third party sellers and the marketplace, in instant or standard transfer.
- THEOnboarding automated from third-party sellers: from a fast and intuitive KYC (Know Your Customer) process, with global fraud management, powered by AI.
- Management functionalities: a unified vision of all payments, to manage reimbursements, reconciliation, financial reports and performance indicators from a single point.
- Anti-fraud features: anti-fraud management system based on behavioral studies and weak signals.
“Even today, major accounts are poorly served on certain complex issues inherent to the marketplace model. Our modularity combined with the high quality of our technology and its ease of handling are major assets.” completes Guillaume Massis, CEO of 1POINT6.
Biography
Frédéric Minot - Chief Operating Officer, 1POINT6
Frédéric Minot worked as Product and Technical Director at Hipay, European online payment fintech. A graduate of Ecole Polytechnique, he cut his teeth by co-founding several technology companies in the fintech, digital television and mobile telephone sectors.
