Luxembourg 05.08.2016
Restart with a new owner: "Now Cashcloud powerfully continues its expansion" / CEO receives new contract

Restart at the Luxembourgish mobile payment provider Cashcloud: A group of investors took over the company and plans for a new beginning with investments in the tens of millions. The previous Cashcloud CEO Prof. Moritz Hunzinger will continue to lead the company until at least 2020. The new owners are now establishing the financial conditions to proceed fast with the original expansion plans.

Hunzinger sees himself at the goal of the first stage: "We are working at full speed on our technology leadership in Europe. The country presence will be expanded from currently 4 to 24. By the end of the year the number of Cashcloud customers in Europe will be increased to over 1 million users.”

In fall Cashcloud will introduce a further development of its electronic wallet that includes new innovative features and will be even more user-friendly. "Our goal: We will be the market leader in mobile wallets," said Hunzinger. Once the new version of the app is on the market, customer acquisition will be pushed with massive marketing campaigns.

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