Posted: 1 year ago

Payze Achieves 400% Growth and Expands into New Markets


In 2022, Payze, an innovative fintech startup, made significant progress by expanding into two new countries, Kazakhstan and Uzbekistan, achieving a 400% growth in commercial volume and partner companies.

Payze is now benefiting more than 1,000 companies, including those in its newly entered markets. CEO and co-founder, Gega Tsurtsumia, considers this success to be the result of the team being fully staffed, and he is optimistic about the future. The company plans to focus on increasing profitability this year and expanding existing markets. While there are currently no plans to add another country, Payze is considering the possibility of entering Azerbaijan, as well as other countries, such as Ukraine and the Baltic states.

When asked about the advantages of using the Payze service, Tsurtsumia explains that their service helps to remove certain barriers and increase sales. Payze's platform simplifies e-commerce for entrepreneurs and large companies alike. The platform offers tools such as Apple Pay, Google Pay, and a subscription function, which is actively used by companies like Harvest and Black Coffee. Payze also provides an opportunity to accept foreign cards, which has increased many companies' monthly income by 50-60%.

Payze was created in 2020 and is a multifunctional digital transaction platform that allows any type of business in the post-Soviet countries to receive payments online. The company currently employs 35 people, including a tech team of 20 members.