Sylq
Sylq is a Paris-based all-in-one merchant payment platform formed in 2023 by merging Synalcom and Qori, enabling European retailers, hospitality, PSPs, and banks to accept card, Open Banking, and 70+ cryptocurrency payments via terminals, mobile apps, and API.
- Company typePrivate
- Founded2007
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Sylq does
Sylq is a Paris-headquartered, privately held payment technology company that operates an all-in-one merchant payment platform accepting card, Open Banking bank transfers, and cryptocurrency payments across in-store, online, and remote (SMS/email/QR) channels. The company was formed in March 2023 through the merger of Synalcom, a 2007-founded French payment terminal provider with an installed base of more than 230,000 terminals serving over 20,000 businesses, and Qori, a mobile-first fintech founded by repeat entrepreneurs Alain Falys and Daniel Maurice-Vallerey. The merged entity inherits Synalcom as the legal corporate parent while trading as SYLQ, with Daniel Maurice-Vallerey serving as Board Member overseeing Innovation.
Sylq firmographics
Firmographics- Name
- Sylq
- Legal name
- Synalcom
- Website
- https://sylq.io
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Sylq is a Paris-based all-in-one merchant payment platform formed in 2023 by merging Synalcom and Qori, enabling European retailers, hospitality, PSPs, and banks to accept card, Open Banking, and 70+ cryptocurrency payments via terminals, mobile apps, and API.
- Ownership category
- akta.pro rank
Where Sylq is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
Sylq business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing/Transaction Fees: Sylq charges transaction fees for processing card, bank, and cryptocurrency payments. Daily settlements are provided to merchants.
- Terminal Sales and Leasing: Sale and rental of payment terminals (fixed, portable, mobile) from partners including PAX, Sunmi, Ingenico, Verifone, and Famoco. Leasing options include seasonal, event-based, and finance lease arrangements.
- Maintenance and Support Services: 24/7 technical support, remote terminal control, on-site technician intervention, device replacement, and software updates bundled with terminal contracts.
- Sylq Loyalty Platform:
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard terminal packages with included support |
| Unit Pricing | Monthly | Terminal leasing options |
| Subscription | Monthly | Priority Maintenance |
| Subscription | Monthly | 24/7 Premium Hotline |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels4 records
Sylq product offering
Product offeringCore offering
Sylq provides an all-in-one merchant payment platform that enables European merchants to accept card payments, Open Banking bank transfers, and cryptocurrency payments in-store, online, and remotely via SMS, email, or QR code. The platform is delivered through smart POS terminals, an Android/iOS mobile app, and a unified REST API, with daily fiat settlements across all payment methods.
Product overview
Sylq is a unified all-in-one merchant payment platform offering integrated payment solutions for European businesses. The platform combines the capabilities of two merged entities (Synalcom and Qori) to provide a comprehensive portfolio consisting of POS payment terminals (from partners PAX, Sunmi, Ingenico, Verifone, Famoco), the Sylq mobile app for Android/iOS, Pay by Card, Pay by Bank (Open Banking), Pay by Crypto (70+ cryptocurrencies), Sylq Loyalty engagement suite, 24/7 support services, and API-based online payment integration. Merchants can accept card, bank transfer, and cryptocurrency payments in-store, online, or remotely via SMS/email/QR code, with daily fiat settlements across Europe.
Differentiator
Problem solved
Functional benefit
Products and services
- Sylq Payment Terminals Smart POS terminals (fixed, portable, and mobile) sourced from partners including PAX, Sunmi, Ingenico, Verifone, and Famoco, accepting card, Open Banking, and cryptocurrency payments with daily fiat settlement for European merchants.
- Pay by Crypto Cryptocurrency payment solution allowing merchants to accept 70+ cryptocurrencies via QR code scanning or SMS/email payment links, with automatic conversion to fiat currency and daily settlements.
- Pay by Bank Open Banking payment solution enabling direct bank transfers from customers' mobile banking apps via QR code or payment links, offering secure transactions without card fees.
- Pay by Card Card payment acceptance solution supporting all major credit and debit cards, contactless (NFC), and mobile wallet payments (phone/watch), with fast settlement and refund capabilities.
- Sylq Loyalty Customer loyalty and engagement suite enabling merchants to launch campaigns with personalized offers, vouchers, and discounts to convert one-time buyers into recurring customers, offered as a subscription add-on.
- Sylq Support 24/7 24/7 premium technical support hotline with remote terminal control, on-site technician intervention, next-day device replacement, and complimentary software updates and security patches, offered as a subscription add-on.
- Sylq Mobile App (Qori) Mobile application available on Android (Google Play) and iOS (App Store) enabling merchants to accept card, bank, and crypto payments on their smartphone or tablet devices via SoftPOS and QR code flows.
- Sylq API Payments REST API enabling online payment integration for e-commerce platforms, supporting all payment types (card, bank, crypto) with QR code and checkout URL generation for remote payments, accepting JSON payloads and returning responses in under one second.
Quantifiable outcome
- Transaction amount frozen for only 10-20 minutes during crypto payments
- +1 more outcomes
Companies that use Sylq
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles5 records
Sylq technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature6 records
Sylq partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- PaynoPaincorePaynoPain integrates Sylq's API into their Paylands Payment Service Provider platform, enabling bank payment initiation and cryptocurrency payment capabilities for their merchant customers across Europe.
- PAX TechnologycorePAX is one of Sylq's terminal hardware partners, providing smart POS terminals for the all-in-one payment platform.
- SunmicoreSunmi is a terminal hardware partner providing modern payment terminals for Sylq's payment ecosystem.
- IngenicocoreIngenico is a terminal hardware partner supplying payment terminals integrated with Sylq's platform.
- VerifonecoreVerifone is a terminal hardware partner providing payment terminals for Sylq's all-in-one payment solution.
- FamococoreFamoco is a terminal hardware partner providing Android-based payment terminals for Sylq's platform.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
Sylq competitors and assessment
Company assessmentOthers
Broad incumbents
- Adyen: Amsterdam-based global payment platform serving enterprise merchants with unified online, in-store, and platform payments. Comparable as a European payment gateway competing for the same merchant base, though Adyen operates at vastly greater scale and does not emphasize crypto acceptance.
- Worldline: Paris-headquartered (and one of Sylq's terminal partners) global payment processor with full merchant acquiring services across Europe. Comparable as a European payment infrastructure incumbent, though Worldline does not offer crypto acceptance and operates at vastly greater scale.
- Stripe: Global payment infrastructure platform offering merchant payment gateway services via API for online and in-person acceptance. Comparable to Sylq's API payment gateway capability, though Stripe operates at much larger scale and primarily targets online rather than SMB POS.
Direct peers
- SumUp: London-based all-in-one payment platform targeting European SMBs with card readers, mobile POS, and online payments. Closest direct comparable to Sylq in terms of customer segment (European SMBs), form factor (terminals + mobile), and value proposition (consolidated acceptance), though SumUp does not offer crypto acceptance.
- CoinGate: Lithuania-based cryptocurrency payment gateway enabling merchants to accept crypto payments and settle in fiat. Directly comparable to Sylq's Pay by Crypto capability with similar QR-code-based acceptance flow and fiat settlement model.
- myPOS: European all-in-one payment solution providing card acceptance, POS terminals, and business accounts to SMBs across the EEA. Direct competitor in Sylq's core European SMB and SME merchant segment with a similar integrated hardware-plus-software model.
- Mollie: Amsterdam-based payment platform offering European merchants a unified API for accepting multiple payment methods including cards, bank transfers, and newer methods. Comparable to Sylq's single-API multi-rail acceptance proposition targeting European SMB and mid-market merchants.
- Viva Wallet: Greek/European payment provider offering card acceptance, POS terminals, and business accounts to SMBs across the EEA. Direct comparable to Sylq on European merchant segment, integrated hardware-plus-platform model, and emphasis on multi-method acceptance.
Emerging players
- Alchemy Pay: Singapore-based payment platform combining fiat and crypto acceptance for merchants globally via API and plugins. Comparable to Sylq on the combined fiat + crypto acceptance thesis, though with broader geographic reach and an emerging rather than established European position.
Market position
Strengths1 record
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sylq social profiles
Digital presenceSylq compliance and trust
Trust signalCompliance2 records
Sylq financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sylq leadership team
Management profileNumber of profiles
Profiles3 records
Sylq funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sylq M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sylq
What does Sylq do?
Sylq provides an all-in-one merchant payment platform that enables European merchants to accept card payments, Open Banking bank transfers, and cryptocurrency payments in-store, online, and remotely via SMS, email, or QR code. The platform is delivered through smart POS terminals, an Android/iOS mobile app, and a unified REST API, with daily fiat settlements across all payment methods.
Is Sylq a public or private company?
Sylq is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Sylq founded?
Sylq was founded in 2007. It employs 11 to 50 people.
Where is Sylq based?
Sylq is headquartered in Paris, France, in the Europe region.
How does Sylq make money?
Four revenue lines are on record. Payment Processing/Transaction Fees are the primary driver. The others are terminal Sales and Leasing, maintenance and Support Services and sylq Loyalty Platform.
Who are Sylq's main competitors?
Checkout.com is listed as an others. Broad incumbents are Adyen, Worldline and Stripe. Direct peers are SumUp, CoinGate, myPOS, Mollie and Viva Wallet. Alchemy Pay is listed as an emerging player.
Does Sylq have an API?
Yes. Sylq offers a REST API for online payment integration that enables merchants to accept card, bank, and crypto payments on any e-commerce platform or marketplace. The API accepts JSON payloads with amount, description, payment_type (bank/crypto/card), merchant_id, and metadata fields. It returns a QR code, checkout URL, and transaction information in under a second. The API supports remote payments via SMS or email with payment links/QR codes. Developer documentation is at wiki.sylq.io.