Businesses Overlook Value of Payment Systems, Says Credorax CEO

Too many e-commerce companies underestimate the importance of payment, Igal Rotem, CEO of fintech startup Credorax, Inc., said at Calcalist’s WeTechBerlin conference Tuesday.

For daily updates, subscribe to our newsletter by clicking here.

Credorax mostly works with e-commerce companies that want to sell their products outside their jurisdiction, such as Chinese companies that want to sell outside of China, Rotem said.

“Credorax is a bank that is licensed in all 32 EU countries,” Rotem said. The company is also licensed in the U.S. and Japan, Rotem added.

The company offers safe and cost-effective online payment processing technology.

While the company has helped some of its customers “quadruple” their sales, Rotem touted, he still acknowledged that “Visa is the heavyweight gorilla in our industry” he said.