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Sylq

Sylq (formerly known as Qori) is a Paris-based fintech company that enables merchants to accept cryptocurrency payments through POS terminals or iOS/Android devices without needing to hold or manage crypto themselves, converting payments to fiat with daily bank settlements. The company also offers a broader payment platform combining crypto, open banking (payment initiation/account information services), and card payments for merchants and businesses.

Paris, FR

Description

Sylq is a payments company registered in Paris, France (RCS Paris), operating through subsidiaries including Qori Merchant Services SAS (crypto payment services) and Firepay Merchant Services (Pay by Bank / open banking services). Its flagship 'Pay by Crypto' product, previously branded Qori, allows merchants to accept a wide variety of cryptocurrencies via QR code at the point of sale or through payment links, with transaction amounts frozen briefly to manage volatility, and settles funds to merchants' bank accounts in fiat currency the next day. The company positions itself as an all-in-one payment solution, combining crypto payments with open banking (account information and payment initiation services regulated under PSD2) and card payments to give merchants flexible customer payment options. Sylq works with third-party partners such as Yapily and Bridge (payment initiation service providers) and Coingate (crypto exchange). Its clients are merchants across sectors, with case studies highlighting luxury retail, sneaker resale, and hospitality/nightlife businesses accepting high-value crypto transactions.

Grant Funding

VC Funding

None

2022

$1.8M

Technology & Skills

Uncover the hard and soft skills and tools employed by the organization, and gain insight into the technologies that drive their success