Grover Chooses IXOPAY as Its Payment Management Platform
Berlin-based tech subscription scale-up Grover has chosen the payment orchestration platform IXOPAY to manage its payment processes. Grover enables people to rent over 2,000 different tech products monthly instead of buying them. Customers can rent a variety of gadgets with Grover, including smartphones, laptops, virtual reality (VR) gear, and wearables.
In choosing IXOPAY as its payment switch, the startup joins other established brands: Delivery Hero, Crypto.com and Österreichische Post (Austrian Post) also rely on IXOPAY to manage payment transactions.
“We are Europe’s market leader in technology rentals and are pioneering a Circular Economy for Consumer Electronics. Our circular business model ensures that maximum value can be extracted from each device, reducing e-waste and promoting resource efficiency. Rentals are available on our website as well as through our extended retail-partner network, which includes leading electronics retailer MediaMarktSaturn, as well as, among others, Gravis, Conrad, and Tchibo”, says Thomas Antonioli, CFO at Grover.
Grover is one of Germany’s best-funded startups. Its use of IXOPAY facilitates the expansion of its business activities to other countries in, and eventually also outside of Europe.
“Grover’s success in making the Circular Economy a reality is impressive, and I am honored to count them among our customers”, says Rene Siegl, founder and executive chairman of the IXOLIT Group, the parent organization of IXOPAY. “I am intimately familiar with the challenges entrepreneurs face and the expertise we’ve collected over the years helps make our payment orchestration platform IXOPAY the ideal solution for scaling eCommerce businesses both locally and globally.”
Offered as a Software-as-a-Service solution, IXOPAY allows merchants to quickly connect to various payment service providers (PSPs), acquirers, and local payment methods. The ability to route transactions to the most suitable payment processor improves shopping cart conversions and thereby turnover while keeping processing fees at manageable levels.
Grover is Europe’s market leader in technology rentals, bringing the access economy to the Consumer Electronics market, by offering a simple, monthly subscription model for the best in tech. Private customers as well as businesses get access to a wide range of over 2,000 tech products including smartphones, laptops, virtual reality (VR) gear, and wearables, profiting from flexibility and full usage rights at a fraction of the purchase price. Rentals are available on Grover.com and through Grover’s broad online and offline partner network including leading electronics retail group, MediaMarktSaturn, as well as Gravis, Conrad, and others.
Grover is a pioneer in the advancement of the Circular Economy: Its business model of renting out tech products to several users across their life cycle allows maximum value to be extracted from each product and reduces e-waste. In 2019 alone, Grover recirculated nearly 100.000 devices.
Grover was founded in 2015 by Michael Cassau and falls under the access over ownership movement, which also allowed companies such as Netflix, AirBnB and Spotify to grow and succeed. With a total financing volume of €298 million to date and over 100 employees, Grover is one of Germany’s best funded scale-ups.
Please find more information about Grover here: https://www.grover.com/
IXOPAY is a payments orchestration platform enabling independent, flexible and global payment processing. As a highly scalable and PCI-DSS certified “fintech enabler”, IXOPAY fulfills the needs of large merchants as well as those of “white label” clients: payment service providers (PSPs), acquirers and independent sales organizations (ISOs). The modern, easily extendable architecture offers smart transaction routing & cascading, state-of-the-art risk & fraud management, fully automated reconciliation and settlements processing, comprehensive reporting as well as plugin-based integration of acquirers, payment service providers and alternative payment methods (APMs).
IXOPAY is part of the IXOLIT Group, founded in Vienna, Austria in 2001. With local entities in Austria and the USA, IXOLIT supports national and international customers across various industry verticals. The owner-led and -financed company has grown from 2 to more than 65 employees and is focused on building innovative solutions for eCommerce.
Please find more information about IXOPAY here: https://www.ixopay.com
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