Stripe, a financial infrastructure platform for businesses, has been selected by FreeNow to process the majority of its payments in Germany, Ireland, the UK, France, Spain, Italy, Poland, Portugal, Austria, and Greece. The core of the strategic partnership will involve using Stripe's payments platform to boost authorization rates.
FreeNow is Europe’s largest multimobility app, allowing 56 million users to book e-bikes, e-scooters, taxis, and private cars through a single app. The service is a joint venture of the BMW Group and Mercedes-Benz Mobility and is available in more than 170 cities. FreeNow will use Stripe Connect, Stripe’s multiparty payment solution for platforms and marketplaces, to allow users to book transportation with a single sign-on across FreeNow markets.
“Stripe’s technology focus and ease of implementation make it the partner of choice for us. Stripe helps us move fast,” said Christian von Rumohr, vice president, fintech, at FreeNow. “The company’s pace of innovation and platform reliability are equally impressive. We are looking forward to the collaboration.”
“FreeNow is one of Europe’s great tech success stories as it leads the mobility revolution and creates new ways of moving around cities. Stripe is delighted to power its next phase of growth,” said Eileen O’Mara, head of global sales at Stripe.