News 14. April 2021

Former president of Mastercard Europe, Javier Perez, joins the board of fintech scale-up Cardlay as it secures 8 million Euros for ambitious growth strategy.

Former president of Mastercard Europe, Javier Perez, joins the board of fintech scale-up Cardlay as it secures 8 million Euros for ambitious growth strategy.

 

Danish Fintech scale-up, Cardlay, secures 8 million Euros in funding from Javier Perez’ Global PayTech Ventures. At the same time, the former President of Mastercard Europe joins the board as vice-chairman. Chairman Torben Frigaard states Javier Perez as the biggest scoop in the Danish Fintech business.

 

Cardlay is executing further on its promise to become the world’s most attractive and preferred digital product suite for commercial card issuers and banks through its innovative card management, expense handling, integrated virtual card and VAT reclaim platform.

 

As a part of the new growth strategy, Cardlay recently announced a partnership with one of the world’s largest processing platforms, FIS, to enable a fast-scalable and generic white label front-end solution to banks and card issuers. The recent funding round will be used to fuel the next phase of Cardlay’s cooperation with FIS by integrating the two platforms into a joint product suite. Card issuers can now service their corporate clients with digital services on top of their existing offering without the hassle of running large implementation projects.

 

To further strengthen its competencies within global payment, Cardlay managed to onboard Mr. Javier Perez, former President of Mastercard Europe to the board of Cardlay.

 

Javier Perez says: “The nature of commercial payment has changed over the past decades. Cardlay has shown how to enable new digital ways of commercial payment solutions for banks and issuers. The demand for digital solutions for legacy is growing very fast, and Cardlay already developed a comprehensive platform and a standard suite of services to supply this. I look forward to supporting Cardlay over the coming years as they continue to enhance the global infrastructure and front-end solutions that enables banks and issuers to stay competitive and accelerate to digital banking solutions”.

 

CEO and Founder of Cardlay, Jørgen Christian Juul says: “If Cardlay was an electric car company, the best person to attract to the board, would be Elon Musk. This is how I feel about attracting Javier Perez to our board. Javier’s extensive experience with developing innovative PayTech concepts and bringing them to the market will be of enormous benefit for Cardlay. From his massive experience with Mastercard, including being part of its listing in 2006, his recent success as one of the seed investors in Adyen and his commitment to engage in the discussion about visions, partnerships, opportunities and execution, Javier’s values align greatly with ours. We are very pleased he is joining our Board of Directors, says Jørgen Christian Juul, CEO and Founder of Cardlay.

 

 

Cardlay is a strategic partner to banks, card issuers and processors in the digital transformation process. It enables white label partners to strengthen digital relations with customers and stay relevant in a new era of digital banking.

 

Javier Perez, Formerly CEO of Mastercard Europe and member of Mastercard's global management team, Mr. Perez has an extensive and successful track record in new business development, mergers and acquisitions and global strategy. Mr. Perez is an expert in developing innovative PayTech concepts and bringing them to market.

 

Contact information

Jørgen Christian Juul, CEO Cardlay                                                                                                                                                 +45 42 73 01 10

Back to News and Insights

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