INSUBCONTINENT EXCLUSIVE:
fintech that offers a software-only PoS so that merchants can accept payments directly on their phones without the need for additional
The round was led by New Vision 3, an early-stage VC based in Bulgaria (where a part of the Phos team is based), with participation from a
in 2018, Phos has developed software that turns any NFC-equipped Android device into a payments terminal, negating the need for additional
hardware and reducing total cost of ownership
contactless card payments directly on Android phones and other Android devices without the need for additional hardware, as well as helping
This includes e-commerce tools, marketing automation, loyalty, payroll, and more.In terms of go-to-market, Phos is focused on a B2B model,
seeing the fintech work with partners to distribute the product, such as banks, acquirers, PSPs/ISOs, large direct merchants, and platform
field sales; and even large retailers that can empower sales people to close sales in the aisles and reduce queues.Adds Konstantin Petrov,
The all important prerequisites for success are there: a strong and visionary team with years of experience in the field, a huge
under-served market of small merchants who do not accept payments other than cash and an innovative technology providing first-mover
In addition, fintech is considered a strategic vertical in the investment strategy of NV3 Fund, so phos is clearly a perfect add to our
