Over the past decade, the merchant acquiring industry has grown from strength to strength, due to huge advances in technology, changes to regulation, customer demand and an increase in disruptive payment companies, challenging retail banks for ownership of their merchant relationships. Pollinate is a software business, focused on reinventing merchant acquiring for banks around the world - it was founded with a keen awareness that banks are under increasing attack from FinTech players, and must step up to compete.
The platform powers merchant and consumer digital experiences including onboarding, portals and loyalty programs, without costly and distracting platform migrations. This allows merchants to more effectively manage their businesses with digital tools and data integrations, grow their businesses by connecting with their consumers, and give back to their local communities. The company aims to connect banks and SMEs, offering merchants a chance to manage payments, understand what they mean, and grow their businesses with their own loyalty and offers scheme — all in one place, with fully integrated data flows.
The company is behind NatWest’s Tyl product, which allows merchants to start taking payments within a day of application. Such strategic enterprise partnerships are what Pollinate hopes to use as leverage. For instance, the company already boasts of Microsoft and Mastercard as partners, positioning it well for a future of success.
Freddie
Company Specialist at Welcome to the Jungle
