Paylike is a Danish payment solutions company that offers online payment processing services to businesses across Europe. Founded in 2015, Paylike has grown rapidly in recent years, thanks to its user-friendly platform and excellent customer support.
History of Paylike
Paylike was founded in 2015 by Jonas Nielsen, Kristian T. Sørensen, and Stefan T. Sørensen. The three founders had a wealth of experience in the payment processing industry, having previously worked with various payment processors in Denmark and Europe.
The company started with a small team of four people, including the founders, and initially focused on providing payment processing solutions for Danish businesses. In the first year of operations, Paylike processed over DKK 100 million (USD 16 million) in transactions for its clients.
Since then, Paylike has expanded its operations to several European countries, including the UK, Germany, and France. The company has also raised over DKK 42 million (USD 6.7 million) in funding from various investors, including Seed Capital and Vækstfonden.
In June 2020, Paylike suffered a data breach that exposed the personal information of its customers. The breach was caused by a vulnerability in the company’s website, which allowed hackers to access the names, addresses, and payment details of Paylike’s customers.
Paylike immediately notified its customers of the breach and took steps to improve its security measures. The incident raised concerns among Paylike’s customers about the company’s ability to protect their sensitive information. However, the company responded quickly and transparently to the breach, which helped to mitigate the damage.
The Success of Paylike
Despite the setback caused by the data breach, Paylike has continued to grow and expand its business in Europe. The company’s user-friendly platform has earned it a loyal customer base, with many businesses praising its ease of use and efficient payment processing.
One of the factors contributing to Paylike’s success is its focus on customer support. The company offers excellent customer service and support to its clients, which has helped to build trust and loyalty among its customers.
Paylike is a Danish payment solutions company that provides online payment processing services to businesses across Europe. Despite suffering a data breach in 2020, the company has continued to grow and expand its business, thanks to its user-friendly platform and excellent customer support. Paylike is an excellent choice for businesses looking for a reliable and efficient payment processing solution.
Other articles about Paylike
The data breach at Paylike was reported by various news outlets in June 2020. Here are a few sources that reported on the incident:
ZDNet: “Danish payment processor suffers breach, data of thousands of merchants exposed” https://www.zdnet.com/article/danish-payment-processor-suffers-breach-data-of-thousands-of-merchants-exposed/
TechCrunch: “Paylike confirms security breach after user data appears on hacker forum” https://techcrunch.com/2020/06/05/paylike-confirms-security-breach-after-user-data-appears-on-hacker-forum/
The Register: “Danish payment processor goes TITSUP: Users may be looking at a weekend without their cash” https://www.theregister.com/2020/06/05/paylike_payment_processor_down/