Press Release Finaro.com (formerly Credorax) and Freepay.dk

Freepay is now strengthening its position in the Danish market as a payment provider (Payment Gateway) and has therefore entered into a partnership with Finaro. This allows us to now offer a broader solution within online payments across different technical platforms - both physical and online, where card payments are included.

This gives us increased opportunities to help companies that do not yet have a solution partner within card payments or are involved in complex technological solutions. In other words, Freepay becomes a total supplier within payment solutions and thereby helps companies find the right payment solution that delivers profit to the bottom line.

Freepay is a payment gateway developed in Denmark for the Danish and international market by Freeway ApS, which is 100% Danish-owned. When customers need support, they are met by Danish specialists in IT and payment solutions. Unlike most of Freepay's competitors, who are essentially all acquired by foreign companies, where their customers often encounter foreign support staff in a pan-European context.

Quotes from Finaro: Achiya Fried, Chief Commercial and Strategy Officer at Finaro has said: "We are pleased to strengthen our payments footprint in the Nordics and to work with Freepay to enable both companies to grow. I am confident that this partnership will benefit our continued success in the Nordics as we expand our services across Europe and reach more merchants through our combined solution.

When we look at scalability and innovation, we have chosen to partner with FreePay (part of the Freeway Group) to deliver international acquiring infrastructure, add new Visa and MasterCard products to the eCommerce gateway and go further into changing the payments landscape, with new unique products and services to challenge the market. As Finaro continues to grow in the Nordics, we are pleased with the opportunity to work with the team from FreePay with proven and simple payment solutions," says Ruben Nielsen, VP of Sales & Business Development – Nordics.