Cyprus-Based High-Risk Payment Processor Payabl Induced in PayCom42 Listing!

Payabl (previously Powercash21) is a regulated Payments Institution and merchant service provider specializing in acquiring, issuing, and mobile Payments with a license granted by the Central Bank of Cyprus with license No: Payabl is a principal member of Visa and MasterCard with the acquisition and issuance of certifications and local payment solutions.

The company was co-founded in 2016 by Ayelet (Fruchtlander) Knoechelmann (LinkedIn) The current directors are Franky RC Schoonbaert (LinkedIn), Nissim Zarfati (LinkedIn), and Ruediger Trautmann (LinkedIn).

In the course of renaming PowerCash21 to Payabl, some websites went offline and companies disappeared. We cannot transparently understand this process.

In May 2022, Payabl led a seed financing round for FINMA-regulated FinTech Klarpay (PC42 profile) for CHF3 million.

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