As the fintech world deals with economic challenges, European fintech myPOS is on a steady path. Recently acquired by Advent International in a deal valued at over $500 million, the company is demonstrating a 30% YoY growth and has no plans of slowing down.

Renowned for being the first and only fintech to offer merchants instant settlement of funds within seconds, at no additional cost, myPOS enables businesses accepting payments via myPOS to use their money instantly via a free e-money merchant account and a complimentary card linked to their account. Additionally, myPOS offers a variety of classic and Android-based POS terminals and tools for accepting online and mobile payments, delivering a comprehensive solution under one roof. Presently, the company serves over 200, 000 SMEs across 35+ European countries. 

The Recursive sat down with Abdenour (Nour) Bezzouh, a seasoned CTO with over two decades of global experience in driving digital transformation and growth for startups and multinational corporations such as Santander and Intuit, on his plans of aligning technology strategies with business goals to drive myPOS’ growth.

 

The Recursive: What made you join myPOS as CTO?

Abdenour Bezzouh: I grew up and studied in France and initially thought I would work between France and Germany. However, I moved to the U.S. and spent most of my career in Silicon Valley, which is a hub for technology and innovation. I worked with major tech companies there and developed a deep passion for technology.

Four months ago, in February, I joined myPOS. I was recruited by Advent International, a private equity firm that acquired myPOS. At the time, I was interviewing with other companies in the U.S. but was intrigued by the company’s mission to enable merchants to thrive through innovative payment solutions.

Although I had never been to Varna, Bulgaria, where myPOS’s operations center is located, I was impressed by the team’s energy and the company’s culture and products, such as instant settlement. I saw a lot of opportunities to improve processes and technology to better serve merchants. This potential for growth and improvement convinced me to join myPOS over other offers.

Sources: TheRecursive