Akurateco

About Akurateco

Akurateco provides a white-label payment orchestration platform for businesses to manage high volumes of transactions across multiple payment service providers. Founded in September 2019, the Amsterdam-headquartered company develops a brandable online payment platform that enables merchants to customize their payment applications. The technology is designed to secure data and allow businesses to establish a payment gateway that aligns with their brand, simplifying the payment experience for their customers. The company was founded by a team of professionals with extensive experience in the online payments industry. The founding team includes Andrew Riabchuk (Founder and CTO), who leads the company's development and architecture, a Co-Founder and CEO who oversees management and finance, and Alexandra Dolia (Co-founder and COO), who manages project and business development. Riabchuk, a Ukrainian computer science graduate, has been involved in the payments industry since 2007, and his journey includes creating a payment gateway prototype in university and later launching a payment service provider and an online payment-focused magazine. Akurateco's business model is centered on providing its PCI DSS-certified software as a service (SaaS), which allows clients to launch their own payment services without the significant time and costs associated with building from scratch. Its clients include payment providers, banks, financial institutions, and large online merchants. The platform operates on a B2B model, offering a single integration point to a network of over 600 payment providers. This allows businesses to bypass complex development processes and launch a fully branded payment solution in a short timeframe. The core product is a customizable payment platform that includes several key features. Intelligent routing directs payments to the most suitable provider based on criteria like card brand or transaction amount to enhance approval rates. A cascading feature automatically reroutes failed transactions to alternative channels to maximize success. The platform also includes a unified admin panel for managing merchant accounts and system settings, automated merchant onboarding, a customizable checkout page, and robust fraud prevention modules. Akurateco supports recurring payments, subscription management, and network tokenization for enhanced security and higher approval rates. The company offers both a cloud-based SaaS setup and on-premise installation options.