CLOWD9 seeks to transform the global payments system across the globe. Credit: geralt from Pixabay.

UK-based fintech CLOWD9 has announced its launch as a cloud-enabled, cloud certified and decentralised, payments processing platform.

Said to be the first platform of its kind, CLOWD9 aims to ‘transform’ the global payments system across the globe.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The platform was established by its CEO Suresh Vaghjiani along with Cosmo Spens, Artur Grabowski, Robert Hampel and Peter Selman.

Built on cloud, CLOWD9 is capable of eliminating the need for physical hardware.

The platform’s decentralised model is designed to enable virtual access across the globe through instances, which are available across continents.

The model also allows payments routed to the closest cloud instance.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

CLOWD9 has been developed with an in-house technology. It also leverages open application programming interface (API).

It has been built using microservices architecture, which allows the platform to scale up and down as per the transactional demand.

Vaghjiani said: “CLOWD9 was founded on the belief that by deconstructing complex, legacy based payments technology, we could build a new generation payments platform, that can more efficiently service the fintech and banking sectors globally.

“As a team, we have each experienced the pain points created by the legacy technology that underpins much of the payments processing industry.

“Addressing those challenges is central to our mission as a business – creating a platform that is fit for purpose, using modern technology to create maximum efficiency for our clients.”

Furthermore, CLOWD9 provides its customers with real-time transaction monitoring and tailor-made data reporting.

It also offers integrated technology that helps users to have control on their transactions such as limiting their spendings down to individual items during payment.