In 2018, Yourpay focused on development, adjustment and optimization. This optimization means that our customer portfolio quadrupled in 2019, which means that every third Dane has traded in companies that use Yourpay as a payment solution.
In the first six months of 2019, our customer portfolio has grew from approx. 5,000 registered customers for a total of 21,000 active. These are companies that use Yourpay every day to receive card payments through, among other things, invoices, webshops, stores and subscription payments. Through Yourpay, Danish traders have received payments in more than 100 different currencies.
Yourpay’s significant growth in 2019 is due to both streamlining and optimizing the company, as well as a number of partnerships that have exceeded expectations in terms of growth. “On the quiet days today, we get between 40 and 50 new customers into Yourpay. Of course, this means that everything should work optimally, and at the same time it places particularly high demands on our way of doing business, ”says Yourpay’s CEO, Mathias Gajhede.
One of our goals in 2018 was to expand our range. And today we process payments via invoices, subscriptions, store terminals and web solutions. This results in a great diversity of the customer base, which of course is valuable financially.
Collaboration and development
In April, we announced a major collaboration with a UK player, Secure Trading, who shortly afterwards raised a three-digit million, part of which will help bring Yourpay’s services across Europe. SecureTrading was subsequently sold to a larger conglomerate, which sees great opportunities in the future to lead Yourpay to eg. USA.
The Innovation Strategy
As part of our innovation strategy and collaboration with SecureTrading, Yourpay in 2019 has enabled our customers to set up an acquiring agreement and receive their payment just ten minutes after it was created. This is subject to the documentation being in place. “The automatic system we use, we’re the only Danish payment solution that does, and we expect it to help lift us further in Denmark,” says Mathias proudly. This means that when you create your webshop, Yourpay competes on a par with US Paypal and Stripe for the customer’s revenue.
We have spent the first six months of the year preparing our platform, which will enable significant expansion in several countries. After the summer holidays, Yourpay expects to be able to launch in seven languages when the company recently published a new website for growth in Eastern Europe after the summer holidays.