03.06.2022 Finance Tech

Finologee celebrated its 5th anniversary in the presence of PM Xavier Bettel

The Luxembourg FinTech specialist Finologee celebrated its 5th anniversary and took the opportunity to officially inaugurate its new office space. The ceremony took place in the presence of Prime Minister Xavier Bettel, who cut the ribbon to the company’s new meeting room and co-working floor, together with the three company founders Raoul Mulheims, Georges Berscheid and Jonathan Prince.

Finologee is a fast-growing digital finance company that develops and runs robust, ready-made, and compliant platforms serving the financial industry. Its products help Luxembourg banks, insurance companies and fund industry players with their compliance, mobile and professional payments, KYC and telecom messaging needs.

Incorporated in 2017, Finologee serves more than 100 banks, institutions and corporate clients and has developed six product lines to support the financial industry’s quest for optimisation and innovation. It is a regulated company with an IT Provider and financial data communications license by the Luxembourg Minister of Finance (“Support PFS”) and it also is ISO/IEC 27001 certified.

Today, the Finologee team consists of 40 experts with 18 different nationalities. The growing team is just one of the reasons why Finologee’s founders decided to invest in an additional floor for its offices at the headquarters in Leudelange. The new space, especially the event room, will be used in the future for internal and external workshops, customer and partner events and team meetings.

Before the official opening, the Prime Minister met with the Finologee team and toured the offices. Staff members presented him with the latest product, ENPAY, a platform for professional payments and multi-bank account access – “the Digicash for business payments”. On this occasion, the Mr Bettel also tested a new feature of the platform that allows its users to screen payment beneficiaries against international blacklists and sanction lists. The ENPAY product initiative had been launched under a joint funding agreement with the Luxembourg Government that was signed in 2020.

Xavier Bettel, Luxembourg‘s Prime Minister, during his inauguration speech:

The occasion of today’s celebration – the 5th anniversary of Finologee – has once again revealed to me how proud we can be of the FinTech pioneers in our Grand Duchy of Luxembourg. After all, it is the success of technology companies like Finologee that is leading the way for the financial services industry of tomorrow. It also highlights the fact that entrepreneur-led businesses in Luxembourg are capable of making a significant contribution to the industry – in this particular case leveraging previous success stories – with the company founders paving the way for FinTech “made in Luxembourg” already for many years.

Raoul Mulheims, CEO Finologee, during his welcome speech:

5 years of Finologee – an occasion that makes the company’s founders truly proud of our outstanding team, the clients that trust us and our partners who bolster our value proposition. With this anniversary, I would like to thank all of them for the confidence they have had in us over the past years. It is thanks to you and the excellent Luxembourg fintech ecosystem that we are moving closer to delivering on our mission goal – helping substantially with the digitalisation of Luxembourg’s financial industry – every day.


Source: Finologee