To implement both technical and regulatory payment functions, Bling is relying on Treezor, the European leader in Banking-as-a-Service (BaaS), regulated since 2016 and part of the Societe Generale group since 2019. “We were looking for a BaaS partner that brings years of experience, doesn’t compromise on security and compliance, yet can keep up with our record pace,” says Nils Feigenwinter, the 21-year-old founder and CEO of Bling Card. As a result, he says, it was obvious for the Berlin-based startup to choose Treezor. Thanks to Bling, Treezor is making its services live in Germany for the first time. “We are delighted that with Bling we are not only launching our first German partner, but also a great financial education tool for families and young people,” says Florian Ertelt, Head of Treezor Germany.
Treezor is a Principal Member of Mastercard and Bling will rely on this network, meaning the Bling Card can be used to make secure payments wherever Mastercard is accepted. The Bling Card will be launched during Winter 2021 and interested families can already join the waiting list at blingcard.de.
About Bling Card
Teenagers don’t learn how to handle money at school – but with the Bling Card, they do! With the innovative prepaid Mastercard®, teenagers can make secure payments throughout Germany and on the Internet and learn about money responsibly. The accompanying app shows income and expenses in real time, allows savings goals to be achieved more quickly and makes people money-smart with financial knowledge.
For more information, visit blingcard.de.
Founded in 2016 by two French entrepreneurs, Treezor is regulated as an e-money and payment institution in 25 countries and is also a Principal Member of the Mastercard network.
Acquired by Societe Generale group in 2019, Treezor is the European leader in Banking-as-a-Service, specializing in white-label services covering the entire payment chain from acquiring to issuing, through its Treezor API (cards, Xpay, SEPA, P2P, KYC, compliance, security,…).