Trading 212 partners with Paynetics to enhance trading services

Trading 212, an online broker regulated by the Financial Conduct Authority (FCA), has announced a strategic partnership with Paynetics, a provider of embedded finance solutions in Europe. This collaboration aims to integrate multi-currency accounts and card payments within Trading 212’s trading services, paving the way for enhanced financial capabilities for its users.

As part of this integration, Paynetics will provide the infrastructure that allows Trading 212 customers to utilise their account balance for everyday spending without the need to cash out. Leveraging Paynetics' trusted technology, Trading 212 aims to offer a best-in-class card product to its customers, significantly broadening its range of services.

Headquartered in London, Trading 212 offers regulated investment services that cater to both savings and active trading in global financial markets. The app is acclaimed for making savings and investments accessible to everyone by providing an easy-to-use yet powerful investment platform. By teaming up with Paynetics, Trading 212 will enhance its ability to deliver comprehensive financial services through a single application.

“We’re delighted to be partnering with Trading 212. Their innovative technology condenses a complex world into a simple and accessible app available in peoples’ pockets. By using Paynetics' infrastructure, Trading 212 will be able to continue empowering investors with the ability to scale their trading globally. We look forward to working with Trading 212 as it disrupts the stock market,” said Ivo Gueorguiev, Co-Founder at Paynetics UK.

Kaloyan Yanchev, Head of Payments at Trading 212, expressed equal enthusiasm about the partnership. “We’re extremely excited to be working with Paynetics—a leader in embedded finance. Democratising savings and investments is something that we’re very passionate about and this partnership allows us to increase the capabilities of our commission-free platform for our customers,” said Yanchev.

Paynetics is renowned for its comprehensive embedded finance solutions, offering services such as card acceptance and issuance, payment accounts, and transfers. These services are delivered through APIs, SDKs, or full-service white labels, making it easier for businesses to integrate payments into their products. With over 115 embedded finance clients, Paynetics empowers companies to design, build, and operate innovative financial products, thereby fostering financial inclusion and driving social impact.

Trading 212, on its part, has been a trailblazer in democratising financial markets through its free, user-friendly apps. The company disrupted the stock brokerage industry by introducing the first zero-commission stock trading service in the UK and Europe, granting millions of people access to the stock market. Today, Trading 212 empowers over 2.5 million investors to build their wealth, boasting more than 15 million downloads globally.

This partnership is expected to be a significant step forward for both companies. Trading 212’s use of Paynetics' sophisticated payment infrastructure will not only enhance its service offerings but also provide its customers with more versatile and convenient financial tools. By integrating these multi-currency features, investors can now manage their trading activities and everyday expenditures more seamlessly than ever before.