Paul Swinton | FinTech Magazine

18 years is a long time in the world of fintech. When B4B Payments was founded in 2006, in the aftermath of the dot-com bubble, the term “financial technology” conjured up images of an uncertain, technologically advanced future, not the regulated, investment-intensive industry we have today.

But here we are, and here B4B is still standing. Not that the fintech’s co-founder and executive chairman, Paul Swinton, could have imagined the path B4B has taken to become the fast-growing B2B banking-as-a-service (BaaS) powerhouse it is today.

In fact, B4B entered the market with a prepaid card program for consumers, which, for Swinton, represented her first foray into the world of finance.

He says: “My business partner and I at the time, Rob Anderson, came from a consulting background in large Enterprise Resource Planning (ERP) implementations.

“So I knew a lot about IT integrations and not much about finance, funny enough. But a friend of ours got us interested in prepaid card programs, and that’s how the business started.”

Since then, B4B has certainly been on a transformation journey. “We’ve gone from being a consumer card offering to a focus on business solutions, corporate payments and e-money accounts,” Swinton adds.

“We’re now in global payments in FX and we run corporate sponsorships for third parties and other partners. So we’ve definitely grown from a very consumer-centric prepaid card to the full-stack BaaS provider that we are today.”

Read the full story HERE.

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