SUNNYVALE, Calif., Jan. 9, 2018 /PRNewswire/ -- Nets Group, the largest Nordic-based payment service provider, announced its newest strategic partnership with Plug and Play, a global matchmaker for startups, corporations, and investors. They joined Plug and Play FinTech's innovation platform to engage in both the European and North American startup ecosystem. This collaboration will introduce Nets Group to top tier startups that align with their innovation strategy.
"The partnership with Plug and Play has a tremendous value for us. We immediately get access to a very broad portfolio of the most innovative entrepreneurs in the fintech-sector in Europe. At the same time we can put our deep knowledge of the payment sector into play to help the innovative newcomers grow in an area that is developing with an intense pace," said Susanne Bronnum, CEO of Smart Payments and EVP of Nets Group.
Nets Group is a key partner to the Plug and Play ecosystem with the goal to find innovative solutions by way of early stage startups. Leading entrepreneurs have the opportunity to work closely with Nets Group and other forward-thinking corporate partners to further accelerate the path to digitization in the financial industry. With Nets Group's large footprint in the region, startups get the opportunity to tap into their numerous corporate clients that they work closely with.
"As an important infrastructure element for the payments value chain in greater Europe, we're thrilled to partner with the Nets Group in building more opportunities for our startups to engage across their payments ecosystem," said Scott Robinson, VP and founder of Plug and Play FinTech. "Nets is one of the most innovative and early adopters of strategic corporate innovation and have a history of adopting new technology across their suite of services and will impact and expedite the path of our startups as they enter the European markets."
About Plug and Play
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year. Since inception in 2016, our programs have expanded worldwide to include a presence in 27 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 220 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 220 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit www.plugandplaytechcenter.com
About Nets Group
Nets specializes in managing digital values – digital money, information and identity. We have one of the most extensive product portfolios in the payment industry in Europe and our ambition is to become an even stronger partner to our customers by supporting their business, nationally as well as internationally. Nets has 2,500 employees in offices in Denmark, Norway, Finland, Sweden, Estonia and Latvia.
SOURCE Plug and Play