VIPASO
VIPASO GmbH is a Vienna-based FinTech that provides a white-label, Bluetooth Low Energy mobile payment platform enabling tap-and-pay transactions between smartphones and feature phones without hardware terminals, targeting banks, payment providers, and merchants primarily in Europe and East Africa.
- Company typePrivate
- Founded2019
- HeadquartersVienna, Austria
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What VIPASO does
VIPASO GmbH is a Vienna-based private FinTech founded in 2019 that develops a 100% software-based mobile payment platform built on Bluetooth Low Energy (Bluetooth Smart©) technology. The company's portfolio includes the VIPASO Pay consumer app and the VIPASO PoS merchant app, which together enable tap-and-pay transactions between Bluetooth-enabled smartphones and feature phones (with USSD support for feature phones) without requiring physical terminals, cards, cash, or QR codes. The platform supports online and offline transactions through on-device storage and deferred server sync, incorporates end-to-end encryption and tokenization, and is PCI and ISO certified.
The core go-to-market is a white-label model under which financial institutions, banks, and payment providers license and rebrand VIPASO under their own identity. The company has secured distribution through partnerships with Temenos Exchange (access to Temenos-platform banks globally), Mastercard's Start Path Emerging Fintech Program, Interswitch East Africa (Kenya) for East African mobile money deployments, and World Direct (a 100% subsidiary of A1 Telekom Austria) for PCI-certified cloud hosting. The merchant-side value proposition emphasizes eliminating PoS hardware costs, enabling payments in low-connectivity environments, and extending financial inclusion to feature phone users. Revenue is generated through white-label licensing, transaction processing fees, and managed services/technology integration agreements with partners, although no pricing tiers or revenue figures are publicly disclosed.
VIPASO is led by CEO Matthias Horvath, President Wolfgang Platz (founder of IT unicorn Tricentis), CRO Bernd Rekirsch, and CFO Christoph Hilscher, with an operating team of 34 staff. The company operates primarily in Europe (headquarters in Vienna, Austria) and East Africa (Kenya, Uganda, Tanzania), with consumer-side traction at 1,000+ combined iOS and Android downloads and a 4.9 app store rating. No venture capital or institutional funding rounds have been publicly disclosed, and the company is privately held by individual investors.
VIPASO firmographics
Firmographics- Name
- VIPASO
- Legal name
- VIPASO GmbH
- Website
- https://vipaso.io
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- VIPASO GmbH is a Vienna-based FinTech that provides a white-label, Bluetooth Low Energy mobile payment platform enabling tap-and-pay transactions between smartphones and feature phones without hardware terminals, targeting banks, payment providers, and merchants primarily in Europe and East Africa.
- Ownership category
- akta.pro rank
VIPASO industry classification
Industry- Product category
- Mobile Payment Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- mPOS & SoftPOS (Tap-to-Phone) Solutions (FSAMADAB)
Keywords
Where VIPASO is headquartered
LocationHeadquarters
- HQ city
- Vienna
- HQ country
- Austria
- HQ region
- Europe
Offices1 record
Markets served
VIPASO business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- White-Label Licensing: VIPASO offers its mobile payment solution as a white-label system that partners can customize and brand under their own identity. Revenue is generated through licensing fees to financial institutions, banks, and businesses deploying the solution.
- Transaction Processing: VIPASO facilitates mobile payment transactions between consumers and merchants using Bluetooth connectivity. Revenue may be generated through transaction fees associated with payment processing.
- Banking Technology Partnership: Through partnerships with Temenos Exchange and financial institutions, VIPASO provides technology solutions that banks deploy to improve customer payment experiences, generating revenue through technology integration and service agreements.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
VIPASO product offering
Product offeringCore offering
VIPASO provides a 100% software-based, white-label mobile payment platform built on Bluetooth Smart© (Bluetooth Low Energy) technology that enables tap-and-pay transactions between consumer and merchant devices without requiring hardware terminals, QR codes, cash, or cards. The platform includes a consumer app (VIPASO Pay) and a merchant app (VIPASO PoS), supports feature phones via USSD, and provides offline payment capability, allowing banks, financial institutions, payment providers, and merchants to deploy branded mobile payment solutions targeted at financial inclusion in emerging markets.
Product overview
VIPASO is a mobile payment technology company offering a white-label, end-to-end mobile payment platform built on Bluetooth Low Energy (Bluetooth Smart©) technology. The portfolio consists of two core consumer-facing applications: VIPASO Pay (consumer app enabling tap-and-pay transactions, loyalty programs, and expense tracking) and VIPASO PoS (merchant app transforming devices into POS terminals). The white-label solution allows financial institutions and partners to deploy customized branded payment systems without requiring physical terminals or hardware beyond Bluetooth-enabled devices. Supporting modules include feature phone support via USSD for financial inclusion and offline payment capabilities for connectivity-challenged environments.
Differentiator
Problem solved
Functional benefit
Brands
- VIPASO Pay: Consumer mobile application for making payments using Bluetooth Smart technology.
- VIPASO PoS
Products and services
- VIPASO Pay (Consumer App) Consumer-facing mobile payment application that enables end users to make secure, tap-and-pay digital transactions at merchants using Bluetooth Smart© technology, with built-in loyalty, location mapping, and transaction history. Targeted at consumers in markets where VIPASO's white-label partners (e.g., Interswitch East Africa) operate.
- VIPASO PoS (Merchant App) Merchant-facing mobile application that turns a smartphone or feature phone into a point-of-sale terminal, allowing merchants to accept VIPASO payments from consumers without dedicated PoS hardware. Targeted at merchants, retailers, and hospitality operators served by VIPASO's white-label partners.
- VIPASO White-Label Mobile Payment Solution White-label, end-to-end mobile payment platform built on Bluetooth Low Energy that financial institutions, banks, payment providers, and merchants can rebrand and customize to launch their own branded mobile payment service, with PCI DSS and ISO 27001 security, multi-funding-source connectivity, and SDK integration. Targeted at banks, financial institutions, payment processors, and large merchants deploying at scale.
Quantifiable outcome
- 90% of PoS transactions can be digitized using VIPASO's technology
- +1 more outcomes
Companies that use VIPASO
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles3 records
VIPASO technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature9 records
VIPASO partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Interswitch East Africa (Kenya) LimitedcoreVIPASO and Interswitch East Africa announced partnership to enhance payment solutions for banks, hospitality industry, on-the-go services, financial institutions, and retailers in Kenya. VIPASO provides innovative mobile payment solution comprising consumer and merchant apps that work with smartphones, feature phones, and Android PoS terminals using Bluetooth Low Energy connectivity. The collaboration addresses operational inefficiencies and enhances financial inclusion in the East African market.
- World DirectcoreVIPASO and World Direct entered a strategic partnership representing a step-change in addressing market needs. World Direct, a 100% subsidiary of A1 Telekom Austria, provides highly available, tailor-made IT applications and cloud infrastructure. World Direct hosts VIPASO on their PCI-certified cloud platform, enabling joint solutions to operate in compliance with the highest security standards for banking and finance sectors.
- Temenos ExchangecoreVIPASO is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions. Temenos Exchange brings innovation to market faster and at scale, offering pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos open platform for composable banking. VIPASO's availability enables Temenos customers (thousands of banks globally) to easily integrate VIPASO's mobile payment technology to improve customer journey and drive business outcomes.
- MastercardcoreVIPASO was selected by Mastercard to participate in the prestigious Start Path Emerging Fintech Program. The program helps high-potential fintech startups grow, scale, and build next-generation commerce. VIPASO gains access to hands-on mentoring, co-innovation opportunities, and engagement with Mastercard's global network of banks, merchants, partners, and digital players. The program supports VIPASO's mission to deliver accessible financial services and foster financial inclusion in emerging markets.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
VIPASO competitors and assessment
Company assessmentDirect peers
- Block (Square): Square pioneered the mobile card reader and now offers Square Handheld and Tap to Pay on iPhone/Android SoftPOS solutions for merchants. Highly comparable in mobile payment acceptance for SMBs; vastly better capitalized and distributed globally.
- SumUp: SumUp provides mobile POS card readers and a SoftPOS tap-to-phone solution targeting small merchants globally, including in African markets. Closely comparable to VIPASO in serving terminal-free mobile acceptance for SMB merchants, though SumUp relies on NFC-based card reading rather than Bluetooth-based proximity pairing.
- M-Pesa (Vodacom / Safaricom): M-Pesa is the dominant mobile money platform in Kenya and several African markets, processing billions in person-to-person and merchant transactions. Most directly comparable in Kenya/VIPASO's stated beachhead market; differs in scale, regulatory license status, and consumer wallet brand versus VIPASO's white-label approach.
- PayPal Zettle (formerly iZettle): PayPal-owned mobile POS and SoftPOS provider offering hardware-free tap-to-pay in Europe and beyond. Comparable product positioning as a software-first merchant acceptance solution serving small businesses.
Broad incumbents
- Worldline: Worldline is a European payments and transactional services incumbent offering acquiring, POS, and SoftPOS solutions across Europe. Comparable in geographic headquarters region (Europe) and target segment (banking and merchant acquiring) but operates at vastly greater scale.
- Adyen: Adyen is a global payments platform offering Tap to Pay and unified commerce solutions for large enterprise merchants. Comparable as a payments infrastructure partner to banks and large merchants, though targeting much larger enterprise clients than VIPASO.
- Stripe (Stripe Terminal / Tap to Pay): Stripe's Terminal product and Tap to Pay SDK allow any smartphone to act as a card reader, plus Stripe's broader payment processing rails. Broader portfolio than VIPASO but directly overlaps in software-based POS and bank/partner distribution via Stripe Connect.
- NCR Atleos (formerly NCR Payment Solutions): NCR Atleos provides ATM and POS hardware/software solutions for banks and retailers globally, including unattended and mobile POS. Comparable as a payments infrastructure provider for banks; differs in being primarily hardware-led with a much larger install base.
Emerging players
- Flutterwave: Flutterwave provides pan-African payment processing infrastructure for businesses and banks, including card-not-present and POS solutions. Comparable as a fintech infrastructure provider targeting the same emerging markets as VIPASO, with broader payment-method coverage.
- Interswitch: Interswitch is a leading African digital payments and commerce company headquartered in Lagos with East African operations in Kenya. Comparable as both a VIPASO partner/customer and as an indirect competitor offering mobile money, POS, and payment processing services across Africa.
Market position
Competitive moat5 records
Key risks3 records
Key highlights6 records
Customer concentration
VIPASO social profiles
Digital presenceVIPASO compliance and trust
Trust signalCompliance2 records
VIPASO financial estimates
Financial estimateRevenue estimate
Valuation estimate
VIPASO leadership team
Management profileNumber of profiles
Profiles4 records
VIPASO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VIPASO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VIPASO
What does VIPASO do?
VIPASO provides a 100% software-based, white-label mobile payment platform built on Bluetooth Smart© (Bluetooth Low Energy) technology that enables tap-and-pay transactions between consumer and merchant devices without requiring hardware terminals, QR codes, cash, or cards. The platform includes a consumer app (VIPASO Pay) and a merchant app (VIPASO PoS), supports feature phones via USSD, and provides offline payment capability, allowing banks, financial institutions, payment providers, and merchants to deploy branded mobile payment solutions targeted at financial inclusion in emerging markets.
Is VIPASO a public or private company?
VIPASO is a private company. It is classified as venture growth investor backed and is currently operating.
When was VIPASO founded?
VIPASO was founded in 2019. It employs 1 to 10 people.
Where is VIPASO based?
VIPASO is headquartered in Vienna, Austria, in the Europe region.
How does VIPASO make money?
Three revenue lines are on record. White-Label Licensing is the primary driver. The others are transaction Processing and banking Technology Partnership.
Who are VIPASO's main competitors?
Direct peers on record are Block (Square), SumUp, M-Pesa (Vodacom / Safaricom) and PayPal Zettle (formerly iZettle). Broad incumbents are Worldline, Adyen, Stripe (Stripe Terminal / Tap to Pay) and NCR Atleos (formerly NCR Payment Solutions). Emerging players are Flutterwave and Interswitch.
Does VIPASO have an API?
No public API is recorded for VIPASO.
What industry is VIPASO in?
VIPASO's product category is Mobile Payment Platform. Its primary akta.pro industry code is FSAMADAB, mPOS & SoftPOS (Tap-to-Phone) Solutions. Its NAICS code is 522320 and its SIC code is 6199.