“In a digital economy that knows no borders, payment management can quickly become complicated. We, as users or customers, only experience and see the front-end of payments. Well, the other side, meaning the back-end of processing a payment, is lagging behind”, explains Angela Nickel, founder and CEO of COMO. Current payment systems are slow, highly complex and expensive as well as open to human errors as they are in many cases still managed manually. This results in additional costs for a company and can be one of the key barrier for its further development.
“We saw the issue and the market niche four years ago and that was when we started to work on creating the appropriate technology and the products. Our idea, in a first place, was to create a platform that would help many companies to solve their problems associated with payment processing”, says Mrs Nickel.