Maksu Company Profile

Background

Maksu, established in 2024, is a payment service provider (PSP) that offers secure and scalable online payment solutions for businesses of all sizes. Built on the 25-year legacy of Modirum—a global leader in payment technologies—Maksu aims to redefine the online payment experience by delivering security, simplicity, and efficiency at every step.

Key Strategic Focus

Maksu's strategic objectives include:

Comprehensive Payment Solutions: Offering end-to-end payment services tailored to the unique needs of modern merchants.

Security and Compliance: Achieving PCI DSS 4.0 certification to ensure the highest level of security for merchants and their customers.

Innovation and Scalability: Developing a best-in-class processing engine designed to deliver maximum value for every payment, enabling businesses to scale efficiently.

Financials and Funding

As a subsidiary of Modirum, Maksu benefits from the financial stability and resources of its parent company. Specific funding details for Maksu are not publicly disclosed.

Pipeline Development

Maksu is focused on enhancing its payment processing capabilities and expanding its service offerings. Recent developments include the rebranding of Web Factory as Maksu, marking a strategic step forward in uniting expertise in FinTech software development with deep knowledge in secure, scalable, and high-performance payment solutions.

Technological Platform and Innovation

Maksu's technological advancements include:

Advanced Payment Processing Engine: A robust engine designed for efficient transaction handling.

High-End Risk Engine: Implementing sophisticated risk management tools to detect and prevent fraudulent activities.

3-D Secure Integration: Enhancing transaction security through advanced authentication protocols.

Network Tokenization: Replacing sensitive data with unique identifiers to enhance security.

Comprehensive Reporting and Analytics: Providing merchants with insights to optimize payment strategies.

Multilingual Support: Enabling global scalability by supporting multiple languages.

Customer Service Excellence: Offering tailored support throughout the payment process.

These innovations are built upon Modirum's legacy, incorporating over 25 years of expertise in payment technologies.

Leadership Team

Vlado Galevski, Co-founder and CEO: Leads Maksu with a focus on shaping the future of payments, leveraging the legacy of Modirum to build impactful solutions for businesses.

Alexandros Limniatis, Head of Products and Operations: Aims to simplify payment processes while maintaining high standards of security and compliance, supporting businesses in enhancing sales and customer loyalty.

Andri Kruus, Chief Development Officer: Brings extensive experience in the payments industry, including contributions to Modirum's 3DS payment solutions, focusing on delivering flexible, scalable, and secure payment solutions.

Vesa Parkkinen, Managing Director: Committed to creating a new standard for online payments, backed by over 25 years of industry expertise, to empower businesses with seamless, secure, and growth-focused payment solutions.

Stefan Kondinski, Senior Software Developer: Specializes in turning complex problems into intuitive digital experiences, focusing on scalable, high-performance solutions that help businesses work smarter and grow faster.

Goran Lilchikj, Software Developer: Passionate about intuitive UI and clean code, dedicated to building modern payment systems that make a real difference in people's lives.

Leadership Changes

In April 2025, Web Factory rebranded as Maksu, marking a strategic step forward in uniting expertise in FinTech software development with deep knowledge in secure, scalable, and high-performance payment solutions.

Competitor Profile

Market Insights and Dynamics

The online payment processing industry is experiencing significant growth, driven by the increasing adoption of digital payments and e-commerce. Businesses are seeking secure, efficient, and scalable payment solutions to meet evolving consumer demands.

Competitor Analysis

Key competitors in the payment processing industry include:

MultiSafepay: Provides collecting payment services with a focus on secure and efficient transaction handling.

Temenos: Offers banking software solutions, including payment processing capabilities.

Marqeta: Develops an API payment platform designed for card issuing and payment processing services.

ACI Worldwide: Develops, markets, installs, and supports software products for digital payments.

Modulr: Provides a payments-as-a-service API platform for digital businesses.

Strategic Collaborations and Partnerships

Maksu has established significant partnerships to enhance its service offerings:

E-Comprocessing: In March 2025, Maksu announced a strategic partnership with E-Comprocessing, a leading European acquirer, to transform how merchants and cardholders interact at checkout by combining innovation, efficiency, and security.

The Payments Association EU: Maksu joined The Payments Association EU, Europe's leading network of payment industry leaders, to drive innovation in the payments landscape and contribute to the evolution of payments within the network.

Operational Insights

Maksu's operational strategy focuses on:

Rapid Integration: Offering a simplified onboarding process that enables businesses to integrate and start processing payments within 24 hours.

Transparent Pricing: Providing clear and straightforward pricing with no hidden fees, ensuring businesses can plan their finances effectively.

Dedicated Support: Offering personalized support through a dedicated Customer Success Team to ensure smooth and successful integration and ongoing operations.