Natixis reaps the wild Wynd for payments
French firms Natixis Payments and Wynd have taken each other’s hand and given friendship with a partnership to design retail omni-channel solutions.
As part of this alliance, Natixis is taking an undisclosed stake in Wynd during the company’s €72 million fundraising with a group of unnamed investors.
Pierre-Antoine Vacheron, Natixis Payments’ CEO, says their joint service “can be combined with online and omni-channel payment solutions already on offer from Natixis Payments, particularly from our fintech Dalenys”.
The solution will also be available for franchise networks via its third-party collection solutions.
The planned fundraising round for Wynd will be used for staff recruitment, unspecified international growth, step up development of its artificial intelligence (AI) modules, and to make “massive” (but undisclosed) investment in R&D.
Paris-based Wynd has developed a Software-as-a-Service (SaaS) omni-channel point-of-sale and logistics solution. It was founded in 2014 by Ismaël Ould and employs over 400 staff (including 200 R&D engineers). It currently makes 30% of its turnover abroad.
Natixis Payments is part of Groupe BPCE, the second largest banking group in France. It says it was the first payments provider to integrate Apple Pay, Samsung Pay and Instant Payment in the country.