Straal, founded in 2017 in Warsaw, offers a smart payment gateway with over two hundred acquiring connections and a broad range of alternative payment methods, proprietary optimization tools to maximize authorization rates, the Kompas management and analytics platform, and a military-grade anti-fraud system. The company is launching Straal Direct, an open-banking payment method that leverages APIs and tokenization to enable direct wire transfers with instant transaction confirmation, in December on selected markets. Straal says Straal Direct reduces the number of parties involved in processing, keeps funds within the banking ecosystem, and is more convenient, secure, and cost-effective than cards. The business is growing at a three‑digit pace and reports a significant pipeline of merchants interested in the new method. Straal has recently added Stephen Buechner as Chief Risk & Compliance Officer and Thomas Pinter as Chief Commercial Officer to support further development. The company raised over €1 million in its first external funding round to accelerate product development, its licensing process, and international expansion within the EEA.

Total raised

$1M

Funding rounds

1

Latest round

Series A

Latest activity

Dec 2019