INFINIOS Company Profile

Background

Overview

INFINIOS, formerly known as NEC Payments, is a Bahrain-based fintech company specializing in payment services and card processing solutions. Established in 2014, INFINIOS is licensed and regulated by the Central Bank of Bahrain as an Ancillary Services Provider, encompassing both Payment Services Provider and Card Processor roles. The company operates the Infinite Financial Solutions platform, offering a comprehensive suite of digital banking and payment processing services.

Mission and Vision

INFINIOS's mission is to enable the growth of digital commerce and the development of superior digital financial services experiences through the provision of innovative, robust, and compliant technology solutions. Their vision is to help digital businesses thrive and their customers prosper by providing seamless and secure payment solutions.

Industry Significance

As a principal member of Mastercard and Visa, INFINIOS plays a pivotal role in the Middle East and North Africa (MENA) region's fintech landscape. The company has been instrumental in advancing digital payment solutions, including the introduction of the first-ever wholesale travel program in the MENA region in partnership with Mastercard.

Key Strategic Focus

Core Objectives

INFINIOS aims to provide end-to-end digital banking and payment solutions, facilitating seamless financial transactions for businesses and consumers. The company focuses on enhancing digital payment experiences, ensuring compliance with international standards, and fostering innovation in financial services.

Areas of Specialization

• Banking-as-a-Service (BaaS): Offering integrated technologies and regulatory licenses to power multi-channel, multi-currency digital banking solutions.

• Card Issuing and Processing: Providing next-generation card issuing and processing services to drive embedded financial services.

• Payment Acceptance: Delivering a full stack of services to drive payment acceptance for digital merchants, platforms, and institutional clients.

Key Technologies Utilized

INFINIOS leverages a proprietary platform known as the Infinite Financial Solutions platform, which includes:

• Neural Cache AI/ML Algorithms: For continuous, unmatched real-world application performance.

• InfiniOps: Exploiting AIOps and accelerating DevOps processes.

• InfiniSafe: Comprehensive cyber storage resilience and recovery capabilities.

• InfiniRAID: Advanced data protection and rapid recovery features.

Primary Markets Targeted

INFINIOS primarily serves the MENA region, with a growing presence in Europe and North America. Their solutions cater to banks, fintech companies, telecommunications firms, and retailers seeking to enhance their digital payment capabilities.

Financials and Funding

Funding History

INFINIOS has undergone significant growth since its inception, including a notable acquisition by nDigital Holdings SPC in September 2021. This acquisition aimed to expand INFINIOS's capabilities and market reach, particularly in Europe, Africa, and North America.

Total Funds Raised

Specific details regarding the total funds raised by INFINIOS are not publicly disclosed.

Notable Investors

The acquisition by nDigital Holdings SPC indicates strategic investment and support from nDigital Ventures, the incubator and accelerator associated with nDigital.

Utilization of Capital

The capital from the acquisition is intended to support the expansion of INFINIOS's software-as-a-service and software licensing aspects, build upon existing footholds in Europe, Africa, and North America, and obtain regulatory licenses in Europe.

Pipeline Development

Key Pipeline Candidates

INFINIOS is actively developing and enhancing its Infinite Financial Solutions platform, focusing on:

• Digital Banking Solutions: Expanding capabilities to support neo-banking initiatives and digital transformation for retail banking operations.

• Embedded Financial Services: Integrating end-to-end payment flows into digital platforms for fintech companies.

• Digital Wallets: Creating flexible and compelling digital wallet products for telecommunications companies.

Stages of Development

The company is in advanced stages of deploying its platform across various regions, with ongoing partnerships and implementations in the MENA region, Europe, and North America.

Target Conditions

INFINIOS aims to address the evolving needs of digital businesses, financial institutions, and consumers by providing secure, scalable, and compliant payment solutions.

Anticipated Milestones

Key milestones include the expansion of regulatory licenses, the launch of new digital banking products, and the establishment of strategic partnerships to enhance service offerings.

Technological Platform and Innovation

Proprietary Technologies

• Infinite Financial Solutions Platform: A comprehensive suite offering BaaS, card issuing and processing, and payment acceptance services.

Significant Scientific Methods

• Neural Cache AI/ML Algorithms: Enhancing application performance through continuous learning and adaptation.

• InfiniOps: Accelerating DevOps processes and leveraging AIOps for operational efficiency.

• InfiniSafe: Ensuring cyber storage resilience and rapid recovery capabilities.

• InfiniRAID: Providing advanced data protection and rapid recovery features.

AI-Driven Capabilities

The integration of AI and machine learning algorithms within the platform enables INFINIOS to offer intelligent, adaptive, and efficient payment solutions.

Leadership Team

Executive Profiles

• Andrew Sims: Co-founder and CEO of INFINIOS, leading the company's strategic direction and growth initiatives.

• Fuad Nonoo: Chairman of nDigital Holdings SPC, overseeing the strategic expansion and portfolio management, including the acquisition of INFINIOS.

Professional Backgrounds

• Andrew Sims: Brings extensive experience in fintech and digital payment solutions, having co-founded INFINIOS and played a pivotal role in its development and expansion.

• Fuad Nonoo: An experienced leader in the fintech sector, guiding nDigital's strategic investments and growth, including the acquisition of INFINIOS.

Key Contributions

• Andrew Sims: Instrumental in establishing INFINIOS as a leading fintech company in the MENA region, driving innovation and strategic partnerships.

• Fuad Nonoo: Facilitated the acquisition of INFINIOS, enabling the company to expand its capabilities and market reach.

Competitor Profile

Market Insights and Dynamics

The fintech industry, particularly in the MENA region, is experiencing rapid growth, with increasing demand for digital payment solutions, banking-as-a-service platforms, and embedded financial services. This dynamic environment presents opportunities for companies like INFINIOS to innovate and capture market share.

Competitor Analysis

INFINIOS faces competition from both regional and global fintech companies offering similar services, including:

• Regional Competitors: Companies operating within the MENA region providing digital payment solutions and BaaS platforms.

• Global Competitors: International fintech firms with a presence in the MENA region offering comparable services.

Strategic Collaborations and Partnerships

INFINIOS has established significant partnerships to strengthen its market position, including:

• Mastercard: Collaborated to introduce the first-ever wholesale travel program in the MENA region, enhancing B2B travel payments.

• FOO: Partnered to deliver a Digital First Card Issuance Platform, enhancing customer experience across the MENA region.

Operational Insights

INFINIOS differentiates itself through its comprehensive platform, regulatory licenses, and strategic partnerships, enabling it to offer integrated and compliant payment solutions tailored to the needs of digital businesses and financial institutions.

Strategic Opportunities and Future Directions

Strategic Roadmap

INFINIOS plans to:

• Expand Regulatory Licenses: Obtain additional licenses in Europe to broaden service offerings.

• Enhance Product Offerings: Develop new digital banking products and services to meet evolving market demands.

• Strengthen Partnerships: Forge new alliances to enhance technological capabilities and market reach.

Future Business Directions

The company aims to solidify its position as a leading provider of digital payment solutions in the MENA region and expand its footprint in Europe and North America.

Opportunities for Expansion

INFINIOS is well-positioned to capitalize on the growing demand for digital payment solutions, embedded financial services, and BaaS platforms, leveraging its technological capabilities and strategic partnerships.

Competitive Advantages

INFINIOS's comprehensive platform, regulatory compliance, and strategic collaborations provide a strong foundation for sustained growth and innovation in the fintech sector.