The history of FasterPay
January 2019
We launch a striking new logo, switching from a 2D lightning bolt encompassed by a circle to a 3D lightning bolt showcasing different shades of yellow and orange. We’re always finding ways to push ourselves and refine who we are as a brand. The refreshed logo is dynamic and modern, two words we associate with the FasterPay brand.
December 2018
A year of firsts! Such as welcoming entrepreneurs, start-ups, and established companies from Berlin to our first networking event.
November 2018
We make our UK debut at the World Travel Market, introducing ourselves to over 50,000 attendees.
October 2018
A new logo launch! The lightning bolt. Founder and CEO, Honor Gunday, said: “The lightning bolt represents the Entrepreneurial spirit and the human desire to buy stuff, both are occurrences that can strike anywhere and any time. Lightning doesn’t discriminate, it can strike anywhere and anytime, much like what our merchants can start a venture anywhere in the world and still use FasterPay, thanks to our global onboarding, our global language support, and currencies; and the buyers can be anyone, from anywhere. A transaction happens in a flash of a second and is captured by FasterPay.” The company also made its first conference debut at ITB Asia in Singapore, followed by Money 20/20 in Las Vegas.
September 2018
Time for a new feature! Recurring billing. It launches for merchants who want to implement subscription payments for their service or product. Meanwhile, the FasterPay team expands once more to new offices in Bangalore and Delhi in India.
August 2018
The company becomes financially sustainable, without external investment. To mark this success, the FasterPay team grows in several countries.
July 2018
FasterPay onboarded its first merchants and experienced massive growth in its first month.
2017
Unlike other digital wallets, we play the role of an honest intermediary between the consumer and the merchant, making sure the transaction concludes satisfactorily for both sides. In 2017, the first team for FasterPay is created and the product is coded by a group of experts while leaving room for experimentation, trial, and error.
2016
An important year for FasterPay, as we obtained a license in the UK under the FCA. The next step? To build the product!
2012
The idea of creating a UK-based digital wallet intrigues Honor Gunday, the founder and CEO of FasterPay, and so he purchases the rights to the name from a previously operating digital wallet.
The FasterPay manifesto
Global service & global team
Our FasterPay team believes that diversity is the key to success. Like our older sister company Paymentwall, we operate on a global scale. Why? From our perspective, if we want to build a global product we need a globally distributed team that understands the needs of different people in the world. Without this perspective, we will only build a product for certain groups, and we will not achieve our goal of being truly global. Although San Francisco was our home initially, team members from there relocated to London to make FasterPay a reality in the UK. We believe that Silicon Valley is not a place but a state of mind that can come to light anywhere in the world. That’s why you’ll find amazingly bright, global and positive people working for us in Berlin, Kyiv, Lisbon, Manila, Seoul, Beijing, Bangalore, and San Francisco.
We're not afraid to experience, learn and grow from our own mistakes, and the mistakes of others.
As e-wallets became more popular over the past decade, we noticed a few issues arising: • Merchant account being frozen without explanation. • Slow reaction to bugs to fixing bugs. • eWallets siding either with the merchant or the user, when what matters is the transaction and its outcome. This is what inspired FasterPay to take-on these issues. We want to provide an effective e-wallet solution for those who feel stuck. That’s why we’re working day and night to ensure FasterPay is user-centric.
Inclusivity, diversity, and open-mindedness is the essence of FasterPay. Global for us, includes Africa, South East Asia, Middle East, and Latin America too!
Our goal is to be the company that provides local payment solutions to every region in the world asap. Why? Because we're pushing for equal payment opportunities for everyone. Users from developing countries often experience discrimination when it comes to sending money back and forth or making online transactions, due to developing countries not having established credit bureaus, and their local ways to pay are not accepted by other countries' websites. We're here to fix that issue. With FasterPay, we're working towards having every currency and language on our platform as well as local ways to pay, all in one platform. Are you a bank, or a potential licensed payment partner? Contact our PS Bizdev team here.